Technical Positions,today Outlook and next possibilities have already been explained in following topic therefore not being repeated:-
Indian Markets are poised for Blasting Big Moves
Following lines were told in Nifty-Micro Analysis of Intra Day Chart For 27-06-2011:-
1- Last 1 hour selling between 5453-5475
2- last 1 hour selling indications seen and minor Rising Wedge(Bearish pattern) is also visible within it.
3- Minor selling pattern at the higher levels is an indication of small down move only and first trading range will be decided according to sentiment Monday morning.
As minor selling patterns seen therefore following trading range was given in Indian Markets are poised for Blasting Big Moves
Expected that Nifty will trade first between 5390-5460 in the coming couple of sessions
All the Asian markets are negative today morning after US markets Red closing last Friday therefore Indian markets will open weak and trade within above mentioned range,whole day trading and closing expected within this range today.
Indian Markets are poised for Blasting Big Moves
Following lines were told in Nifty-Micro Analysis of Intra Day Chart For 27-06-2011:-
1- Last 1 hour selling between 5453-5475
2- last 1 hour selling indications seen and minor Rising Wedge(Bearish pattern) is also visible within it.
3- Minor selling pattern at the higher levels is an indication of small down move only and first trading range will be decided according to sentiment Monday morning.
As minor selling patterns seen therefore following trading range was given in Indian Markets are poised for Blasting Big Moves
Expected that Nifty will trade first between 5390-5460 in the coming couple of sessions
All the Asian markets are negative today morning after US markets Red closing last Friday therefore Indian markets will open weak and trade within above mentioned range,whole day trading and closing expected within this range today.