Technical Positions,today Outlook and next possibilities have already been posted in following topic with 2 Charts in my Blog yesterday therefore not being repeated today:-
"Post-closing Report(05-04-2011) & Tomorrow Outlook"
As Nifty achieved 5911(told on 25-03-2011) target and Nifty was facing resistance at falling trend line therefore 4 intraday outlooks were posted in my blog yesterday and clearly told for base formations(5857-5870) and after that last hours up move begun yesterday. Mentioned base formations range is today first support.
Nifty next move confirmation range is 5855-5940 and Nifty will prepare for next moves within range first. Trading patterns were mixed yesterday and markets require clear formations for decisive break out for following moves:-
1- Crossing 5940 will mean fast rally toward 6120
2- Dipping below 5855 will mean deeper correction.
Let market prepare then next immediate next moves will be decided from intraday charts analysis of coming sessions.
"Post-closing Report(05-04-2011) & Tomorrow Outlook"
As Nifty achieved 5911(told on 25-03-2011) target and Nifty was facing resistance at falling trend line therefore 4 intraday outlooks were posted in my blog yesterday and clearly told for base formations(5857-5870) and after that last hours up move begun yesterday. Mentioned base formations range is today first support.
Nifty next move confirmation range is 5855-5940 and Nifty will prepare for next moves within range first. Trading patterns were mixed yesterday and markets require clear formations for decisive break out for following moves:-
1- Crossing 5940 will mean fast rally toward 6120
2- Dipping below 5855 will mean deeper correction.
Let market prepare then next immediate next moves will be decided from intraday charts analysis of coming sessions.