Dow's futures is more than 40 points down since morning today and and whole Asian markets are flat to weak today but Indian markets recovered from lower levels and trading positive today because good lower levels buying was seen yesterday. Lower levels buying levels have already been explained many times in yesterday posted topics.
3 days trading range is 5250-5320 and Nifty is trading near its higher levels after recovering from its lower levels today. Today intraday charts are showing good consolidation at lower levels and it is sign of strength. crossing 5320 will be first strong indication of up moves beginning.
Sustaining above 5329/5356 will be confirmation returning of Bulls.
3 days trading range is 5250-5320 and Nifty is trading near its higher levels after recovering from its lower levels today. Today intraday charts are showing good consolidation at lower levels and it is sign of strength. crossing 5320 will be first strong indication of up moves beginning.
Sustaining above 5329/5356 will be confirmation returning of Bulls.