When Nifty was trading near higher levels today then doubts on that upmove were shown and following lines were told in Mid-session Outlook today:-
1- firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.
2- 3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal.
Intraday selling seen between 5300-5320 today therefore Indian markets will remain weak in the coming sessions.
1- firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.
2- 3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal.
Intraday selling seen between 5300-5320 today therefore Indian markets will remain weak in the coming sessions.