Micro-Analysis of today first hour Intra Day charts suggested selling patterns therefore weak market for told in Pre-open Outlook before the declaration of declining IIP Data. I told for Weak market when all the Business News Channels were telling for positive IIP above 5.2%.
Although sharp surge seen but no signs of consolidation and distribution paterns seen therefore more weakness expected.
Although sharp surge seen but no signs of consolidation and distribution paterns seen therefore more weakness expected.