Up moves possibility was told in all the out looks which were updated for today trading and same was seen today despite deep Red US Futures and Asian markets. Nifty tested 5700 today and next resistance range is 5700-5740.
Firstly Indian markets out performed global crashing cues today morning and then gave confirmation of last 10 days range upward break out and sustained above 200 Days EMA therefore all trends are up.
Rally is on but market requires some more consolidation to cross resistance range of 5700-5740.Expected that Nifty will finally move above 5740 after more consolidation in the coming sessions.
Firstly Indian markets out performed global crashing cues today morning and then gave confirmation of last 10 days range upward break out and sustained above 200 Days EMA therefore all trends are up.
Rally is on but market requires some more consolidation to cross resistance range of 5700-5740.Expected that Nifty will finally move above 5740 after more consolidation in the coming sessions.