Asian markets are blasting today morning and all are 1.75% to 4.02% up except SSEC. Indian markets equally responded and Nifty is trading above 5120 since opening today. Strong global cues led market today therefore sustaining above 5120 is must for fresh up moves beginning confirmation because Indian markets closed near day's lowest after good selling last Friday.
Fresh consolidation is also required for decisive up trend formations because strong resistance between 5145-5220. If Nifty sustainins above 5120 in the coming couple of sessions then it will be strong indication of up moves and confirmation will be above 5220.
Fresh consolidation is also required for decisive up trend formations because strong resistance between 5145-5220. If Nifty sustainins above 5120 in the coming couple of sessions then it will be strong indication of up moves and confirmation will be above 5220.