Flat and quiet global markets today morning therefore Nifty will open flat and firstly trade between last 3 hours 5477-5496,consolidation patterns within this range yesterday therefore follow up buying today will mean entering into next resistance range(5522-5604)
Mentioned last 3 hours range is 19 points range and Nifty may easily move beyond this range therefore next move confirmation range is 5450-5520. Expected that Nifty will trade most of the time and close within 5450-5520 today.
As whole day consolidation yesterday therefore upmoves are more expected and follow up buying/selling today will decide next moves and sustaining beyond 5450-5520 will be confirmation of next moves.
Mentioned last 3 hours range is 19 points range and Nifty may easily move beyond this range therefore next move confirmation range is 5450-5520. Expected that Nifty will trade most of the time and close within 5450-5520 today.
As whole day consolidation yesterday therefore upmoves are more expected and follow up buying/selling today will decide next moves and sustaining beyond 5450-5520 will be confirmation of next moves.