Technically market is poised for rally but higher levels selling seen on 21-04-2011 and Nifty is trading between 5874-5906 since opening today and preparing for mext moves within mentioned range today. Intra day charts of today are suggesting selling patterns at higher levels today also.
As lower level buying was also seen on 21-04-2011 therefore sustaining beyond 21-04-2011 range(5864-5912) will be watched first for next moves confirmations.
Let market prepare then final conclusions will be drawn according to coming hours intra day trading patterns.
As lower level buying was also seen on 21-04-2011 therefore sustaining beyond 21-04-2011 range(5864-5912) will be watched first for next moves confirmations.
Let market prepare then final conclusions will be drawn according to coming hours intra day trading patterns.