Higher levels selling and lower levels buying therefore range bound market was expected and following line was told today in Technical Analysis,Researches & Market Outlook(05-09-2011)
Expected that Nifty will firstly trade and prepare for next moves between 4960-5026 after gap down opening today
Nifty traded first two hours between 4973-4999 today. Market is preparing for next moves within mentioned range(4960-5026) and today follow up buying/selling will decide its break out direction.
Let market prepare and confirmation come then next trend conclusions will be drawn. Break out ranges for trend confirmations have already been given in Technical Analysis,Researches & Market Outlook(05-09-2011).
Expected that Nifty will firstly trade and prepare for next moves between 4960-5026 after gap down opening today
Nifty traded first two hours between 4973-4999 today. Market is preparing for next moves within mentioned range(4960-5026) and today follow up buying/selling will decide its break out direction.
Let market prepare and confirmation come then next trend conclusions will be drawn. Break out ranges for trend confirmations have already been given in Technical Analysis,Researches & Market Outlook(05-09-2011).