Mid-session Outlook(22-11-2011)
Today trading Range of 4780-4830 was given and Nifty traded most of the time within this range. Although Nifty moved above 4830 but could not sustained above and reversed into mentioned range after minor intraday selling. Next Resistances are as follows:-
1- 4818-4830(Minor)
2- 4850-4868(strong)
Last support range of previous 62 sesssions is:-
4745-4800
Sustaining beyond 4780-4830 will be firstly watched for first step towards next decisive moves because next moves confirmations will be either above 4868 or below 4745.
Most uncertain news flow and highly volatile global markets therefore only sustaining beyond crucial levels will be next moves confirmations.
Today trading Range of 4780-4830 was given and Nifty traded most of the time within this range. Although Nifty moved above 4830 but could not sustained above and reversed into mentioned range after minor intraday selling. Next Resistances are as follows:-
1- 4818-4830(Minor)
2- 4850-4868(strong)
Last support range of previous 62 sesssions is:-
4745-4800
Sustaining beyond 4780-4830 will be firstly watched for first step towards next decisive moves because next moves confirmations will be either above 4868 or below 4745.
Most uncertain news flow and highly volatile global markets therefore only sustaining beyond crucial levels will be next moves confirmations.