Tomorrow Market(20-05-2011) Outlook,Technical Analysis & Research
Detailed analysis and reasons for Pull Back Rally expectations have been posted in Following topics:-
1- Indian Stock Markets Closing Reports(19-05-2011)
2- Nifty-Micro Analysis of Intra Day Chart(19-05-2011)
3- Nifty-Micro Analysis of 3 days Intra Day Charts(May 17 to May 19,2011)
Conclusions
All trends are down and Nifty sustained 3 days below 5444 but last 3 sessions patterns are suggesting lower levels consolidations and base formations therefore minimum Pull back rally expected in the coming sessions and expected that Nifty will consolidate tomorrow within last 2 days trading range(5402-5455)and after that upmoves will be seen in the coming week.