Following line was told at 01:54PM today in Mid-session Outlook-3:-
"Selling formations between 4952-4963"
Any one can verify from today intraday charts that Nifty could not moved above 4963 after my above selling formation message. Nifty slipped below 4952 sharply at 02:29pm and made bottom of 4927 after my posting.
Technical positions of today intraday charts as follows:-
1- Good consolidation between 4863-4898 today.
2- Selling between 4952-4963.
View can not be bearish after 90 minutes today higher levels selling and outlook is still positive. Expected that more consolidation will be seen and after that Nifty will finally cross 4963. View is positive but selling at higher levels today therefore only confirmation is required through sustaining above 4963.
"Selling formations between 4952-4963"
Any one can verify from today intraday charts that Nifty could not moved above 4963 after my above selling formation message. Nifty slipped below 4952 sharply at 02:29pm and made bottom of 4927 after my posting.
Technical positions of today intraday charts as follows:-
1- Good consolidation between 4863-4898 today.
2- Selling between 4952-4963.
View can not be bearish after 90 minutes today higher levels selling and outlook is still positive. Expected that more consolidation will be seen and after that Nifty will finally cross 4963. View is positive but selling at higher levels today therefore only confirmation is required through sustaining above 4963.