Following line was told in Market Outlook today:-
"Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow"
Nifty traded whole day within mentioned range and being close near 5600 also.
It is clear that whole day trading on the verge of most crucial and trend deciding level is strong indication decisive trend formations.
Intraday patterns of today are showing consolidations therefore up moves possibility is higher after today.
"Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow"
Nifty traded whole day within mentioned range and being close near 5600 also.
It is clear that whole day trading on the verge of most crucial and trend deciding level is strong indication decisive trend formations.
Intraday patterns of today are showing consolidations therefore up moves possibility is higher after today.