Indian markets are moving down on extremely depressiong economic news otherwise technically bullish signals are also specially visible in intraday charts therefore I am presenting my bullish views and explaining bullish intraday patterns. Nifty recovered sharply after forming base at 5715 and about it also following lines were told at 12:30 pm yesterday:-
"At present Nifty showing support near 5715 and if this support is maintained then fresh up move from here will be considered"
As charts are suggested up moves therefore I told following following in Pre-Open Outlook yesterday:-
"My view is bullish and expecting sharp rally after sustaining above 5835"
Rally seen yesterday after forming good base at 5715 and minimuim a pull back rally expected in the coming sessions. As previous 3 sessions intraday charts are showing Water Fall pattern therefore no immediate strong resistance and continuation of yesterday begun rally expected in the coming sessions.
Since opening to closing positive market expected today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
