Following guidance was given in Post-open Outlook today:-
Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.
Although Nifty moved above 5040 but could not crosed 5060 and sharply down from 5048.40.
News base markets today. Up Moves after INFY results but slipping also after IIP data. Next conclusions will be to drawn from sustaining beyond following trading ranges:-
1- First Indication-5014-5045
2- Final confirmations- 4964-5060
Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.
Although Nifty moved above 5040 but could not crosed 5060 and sharply down from 5048.40.
News base markets today. Up Moves after INFY results but slipping also after IIP data. Next conclusions will be to drawn from sustaining beyond following trading ranges:-
1- First Indication-5014-5045
2- Final confirmations- 4964-5060