Technical Analysis and Research of Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-
Pull Back Rally is on amid Crashing Global Markets
All the Global markets are melting but Indian markets are out performing and got support at lower levels in 2 previous sessions. As all the Asian markets are in Red,Dow's Futures is more than 250 points and sentiment is subdued today morning therefore weak opening will be seen and Nifty will first trade at higher levels of yesterday range between 4984-5029
Finally up moves are expected after fresh follow up buying between 4984-5029 but Global markets are crashing therefore break out of today first range(4984-5029) will be watched firstly for next moves confirmations.
Pull Back Rally is on amid Crashing Global Markets
All the Global markets are melting but Indian markets are out performing and got support at lower levels in 2 previous sessions. As all the Asian markets are in Red,Dow's Futures is more than 250 points and sentiment is subdued today morning therefore weak opening will be seen and Nifty will first trade at higher levels of yesterday range between 4984-5029
Finally up moves are expected after fresh follow up buying between 4984-5029 but Global markets are crashing therefore break out of today first range(4984-5029) will be watched firstly for next moves confirmations.