Following lines were told in Weekly and same views were expressed in all the outlooks written for today and this week trading;-
"It is very much clear from Nifty-Micro Analysis of 3 Days Intra Day Charts(04-05-2011 to 06-05-2011) that 3 sessions most time trading range is 5500-5560 and intraday patterns within this range are mixed, Nifty will first trade in next week within or little above/below mentioned range and prepare for next moves"
When Nifty was trading near today lows then also following lines were told:-
"Steep fall today low is at 5502. View will be bearish below 5500"
Nifty is trading in Red for the last 3 hours but intraday patterns are suggesting consolidations. Confirmation levels(5500-5560) should be watched for next moves condiemations.
"It is very much clear from Nifty-Micro Analysis of 3 Days Intra Day Charts(04-05-2011 to 06-05-2011) that 3 sessions most time trading range is 5500-5560 and intraday patterns within this range are mixed, Nifty will first trade in next week within or little above/below mentioned range and prepare for next moves"
When Nifty was trading near today lows then also following lines were told:-
"Steep fall today low is at 5502. View will be bearish below 5500"
Nifty is trading in Red for the last 3 hours but intraday patterns are suggesting consolidations. Confirmation levels(5500-5560) should be watched for next moves condiemations.