As sentiment is most heated today therefore Indian markets slipped from higher levels after minor profit booking but until nifty will not sustain below 5323 till then any type of down moves will not be considered and outlook will remain bullish.
US futures are in Red and European markets are trading with minor gains because these markets have rallied strong in last couple of sessions but Indian markets have to react on last 2 sessions global markets rally therefore only minor intraday correction will be seen and finally sustaining above 5323 is expected.
Although market slipped from higher levels but today intraday patterns are showing consolidation formation therefore up moves outlook is maintained after 54 sessions range forceful break out today.
US futures are in Red and European markets are trading with minor gains because these markets have rallied strong in last couple of sessions but Indian markets have to react on last 2 sessions global markets rally therefore only minor intraday correction will be seen and finally sustaining above 5323 is expected.
Although market slipped from higher levels but today intraday patterns are showing consolidation formation therefore up moves outlook is maintained after 54 sessions range forceful break out today.