Post-open Outlook(30-08-2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 3 Charts therefore not being repeated:-
1- Technical Analysis and Research For 30-08-2011
2- Nifty-Micro Analysis of 7 days Intra Day Chart(Aug 19 to Aug 29,2011)
3- Nifty-Micro Analysis of Intra Day Chart For 30-08-2011
Strong market and today Nifty high is at 4998.05.Bullish views were updated in all the outlooks yesterday and following line was also told at 02:23:00 PM yesterday:-
Next resistance is at 4966 and its testing is possible in the coming sessions.
Pull Back rally is on and sustaining above 5966 today will mean strong rally and testing possibility of next resistance(5120-5220). As all the Indicators have started to recover from oversold zone and positive divergence has also seen therefore 5120 testing is expected in the coming week.
Although market slipped from intraday higher levels but it is intraday correction only because sentiment was boiling and it may be for cooling down of heated sentiment. Expected that market will recover finally after intraday consolidation.
Just watch sustaining above 5966 today for pull back rally continuation confirmation. It is confirm that Nifty sustaining above 5966 will mean positively testing of 5120.
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 3 Charts therefore not being repeated:-
1- Technical Analysis and Research For 30-08-2011
2- Nifty-Micro Analysis of 7 days Intra Day Chart(Aug 19 to Aug 29,2011)
3- Nifty-Micro Analysis of Intra Day Chart For 30-08-2011
Strong market and today Nifty high is at 4998.05.Bullish views were updated in all the outlooks yesterday and following line was also told at 02:23:00 PM yesterday:-
Next resistance is at 4966 and its testing is possible in the coming sessions.
Pull Back rally is on and sustaining above 5966 today will mean strong rally and testing possibility of next resistance(5120-5220). As all the Indicators have started to recover from oversold zone and positive divergence has also seen therefore 5120 testing is expected in the coming week.
Although market slipped from intraday higher levels but it is intraday correction only because sentiment was boiling and it may be for cooling down of heated sentiment. Expected that market will recover finally after intraday consolidation.
Just watch sustaining above 5966 today for pull back rally continuation confirmation. It is confirm that Nifty sustaining above 5966 will mean positively testing of 5120.