Technical Analysis and Research of EOD,Technical Positions,next possibilities have already been explained in following topics with 1 Chart therefore not being repeated:-
Long term trend decider 4720-5229
Following lines were told for today opening in above mentioned topic:-
US markets are more than 2.5% up at this moment but Asian markets reaction will decide Indian markets opening and today trading first range.
Asian markets did not not reacted so strong and are mixed today morning. Indian markets also traded with mixed patterns within 4955-4980 in last 2 hours yesterday therefore sustaining above 4980 is must for next up moves today. Next immediate resistance is between 5020-5060 therefore firstly quiet markets expected near about yesterday closing(4971) and market will prepare for next moves between 4950-5000.
Long term trend decider 4720-5229
Following lines were told for today opening in above mentioned topic:-
US markets are more than 2.5% up at this moment but Asian markets reaction will decide Indian markets opening and today trading first range.
Asian markets did not not reacted so strong and are mixed today morning. Indian markets also traded with mixed patterns within 4955-4980 in last 2 hours yesterday therefore sustaining above 4980 is must for next up moves today. Next immediate resistance is between 5020-5060 therefore firstly quiet markets expected near about yesterday closing(4971) and market will prepare for next moves between 4950-5000.