Sharp recovery seen after lower levels consolidations today. Nifty is trading between 5300-5330 for the last 4 hours with mixed patterns and sustaining beyond this range will be firstly watched tomorrow for next moves confirmations.
US futures traded whole day in Red and Dow's futures is 58 points down at this moment. All the Asian markets closed flat to negative and all European markets are about 1% down at this moment while Indian markets are going close more than.75% up therefore it is clear that Indian markets outperformed global markets today and it is sign of strength.
Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.
Sustaining beyond 5300-5330 will be firstly watched tomorrow for next moves confirmations.
US futures traded whole day in Red and Dow's futures is 58 points down at this moment. All the Asian markets closed flat to negative and all European markets are about 1% down at this moment while Indian markets are going close more than.75% up therefore it is clear that Indian markets outperformed global markets today and it is sign of strength.
Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.
Sustaining beyond 5300-5330 will be firstly watched tomorrow for next moves confirmations.