Strong Global markets therefore positive opening will be seen today but when there was no such cue and Indian markets closed at the lowest of the day on 05-10-2011 then we told 2 days before for today up moves and told following lines:-
1- In Technical Analysis and Research For 07-10-2011:- "whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions"
2- In Indian Stock Markets Closing Reports(05-Oct-2011):- "Intraday charts are showing consolidationa and up moves beginning are expected from next week"
Good consolidations as well as base formation was seen above this crucial level of 4720 in last 2 days and Global markets strong also therefore up moves will be seen today and following resistances crossing will be strong rally confirmation:-
1- 4830-4875
3- 4879-4924(Gap of 03-10-2011)
As good consolidations and base formations in last 2 sessions therefore firstly follow up buying and then Green closing after whole day positive zone trading expected today.
1- In Technical Analysis and Research For 07-10-2011:- "whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions"
2- In Indian Stock Markets Closing Reports(05-Oct-2011):- "Intraday charts are showing consolidationa and up moves beginning are expected from next week"
Good consolidations as well as base formation was seen above this crucial level of 4720 in last 2 days and Global markets strong also therefore up moves will be seen today and following resistances crossing will be strong rally confirmation:-
1- 4830-4875
3- 4879-4924(Gap of 03-10-2011)
As good consolidations and base formations in last 2 sessions therefore firstly follow up buying and then Green closing after whole day positive zone trading expected today.