When Dow Jones was trading more than 200 points down yesterday then following bullish views were expressed in Nifty-Micro Analysis of Intra Day Chart For 07-09-2011:-
Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions
US markets sufficiently recovered from lower levels yesterday therefore sentiment improved and all the Asian markets are positive today morning. Positive zone trading will be seen after Green opening and continuation of rally expected but mixed intraday patterns seen between 5054-5072 yesterday therefore voltality may be seen in the beginning of trading and sustaining above 5072 will be next up moves confirmation.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow upmoves may be seen between this range. Crossing 5220 will mean worst is over and sharp upmoves will be seen above it.
Expected that Nifty will firstly trade between 5065-5110 and this range break out will be next moves confirmation. Finally continuation of rally and up moves are expected after initial consolidations.
Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions
US markets sufficiently recovered from lower levels yesterday therefore sentiment improved and all the Asian markets are positive today morning. Positive zone trading will be seen after Green opening and continuation of rally expected but mixed intraday patterns seen between 5054-5072 yesterday therefore voltality may be seen in the beginning of trading and sustaining above 5072 will be next up moves confirmation.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow upmoves may be seen between this range. Crossing 5220 will mean worst is over and sharp upmoves will be seen above it.
Expected that Nifty will firstly trade between 5065-5110 and this range break out will be next moves confirmation. Finally continuation of rally and up moves are expected after initial consolidations.