We told only and only for lower levels at 4720 in all the last 2 months outlooks and never gave any level below 4720 and Indian markets rebounded exactly from 4728 on 04-10-2011.
Anyone can verify above fact from our outlooks in this Blog.
As consolidation therefore we were expecting upmoves but down moves were seen due to crashing global markets. As soon as Global markets recovers then huge gap up opening and strong Indian markets seen today. We gave following resistance in Pre-open Outlook(07-10-2011):-
4879-4924(Gap of 03-10-2011)
Nifty is trading between 4890-4910 for the last 40 minutes today. Follow up buying and strong closing as well as continuation of today started rally expected after crossing of above resistance.
Anyone can verify above fact from our outlooks in this Blog.
As consolidation therefore we were expecting upmoves but down moves were seen due to crashing global markets. As soon as Global markets recovers then huge gap up opening and strong Indian markets seen today. We gave following resistance in Pre-open Outlook(07-10-2011):-
4879-4924(Gap of 03-10-2011)
Nifty is trading between 4890-4910 for the last 40 minutes today. Follow up buying and strong closing as well as continuation of today started rally expected after crossing of above resistance.