Following line was told in Market Outlook(02-06-2011) yesterday
As selling patterns between 5576-5596 today therefore one dip will be seen tomorrow
As was told ,100% same happened and Indian markets moved up after forming opening rate bottom and since then moving up slowly and continuously in last 4 hours. Indian markets are out performing all the Asian and European markets today and Indian markets got intraday support at lower levels also. Although Indian markets slipped from higher levels today but patterns are not suggesting selling and indicating conoslidation today.
Next immediate move first confirmation range is 5552-5568 and forceful break out of this range will give confirmation to continuation/completion of correction.
As selling patterns between 5576-5596 today therefore one dip will be seen tomorrow
As was told ,100% same happened and Indian markets moved up after forming opening rate bottom and since then moving up slowly and continuously in last 4 hours. Indian markets are out performing all the Asian and European markets today and Indian markets got intraday support at lower levels also. Although Indian markets slipped from higher levels today but patterns are not suggesting selling and indicating conoslidation today.
Next immediate move first confirmation range is 5552-5568 and forceful break out of this range will give confirmation to continuation/completion of correction.