1- RBI Credit Policy led Long Engulfing Bearish Candle reversed Technical Formations
2- Nifty-Micro Analysis of Intra Day Chart For 27-07-2011
Asian markets are mixed after US markets Red closing yesterday and US Futures is also flat today therefore Sentiment is quiet and Nifty will open and firstly trade between last 4 hours range of yesterday(5560-5605). As trading patterns were mixed between mentioned range yesterday therefore Nifty will first trade between this range and prepare for next moves.
Let market final reaction come through mentioned range break out then next trend will get confirmation. Expected that Nifty will trade and hover around 5560-5605 after flat opening and its break out as well as sustaining beyond will be next moves confirmation.