Indian markets strength was updated immediately after opening within first 20 minutes and following line was told in Post-open Outlook today:-
Although gap down opening and trading in Red since opening but not weak today.
Nifty recovered 60 points from lower levels today and showed strength through crossing 5260. Correction completion indication at lower levels today and confirmation will be crossing of following resistances at higher levels:-
1- 5295-5310
2- 5340-5365
Most uncertain global cues nowadays. Dow Jones was 297 points down yesterday but its Futures is more than 170 points up today therefore confirmation is must.
Although gap down opening and trading in Red since opening but not weak today.
Nifty recovered 60 points from lower levels today and showed strength through crossing 5260. Correction completion indication at lower levels today and confirmation will be crossing of following resistances at higher levels:-
1- 5295-5310
2- 5340-5365
Most uncertain global cues nowadays. Dow Jones was 297 points down yesterday but its Futures is more than 170 points up today therefore confirmation is must.