Following 3 technical positions have been posted in both previous outlooks:-
1- Indian markets are out performing global markets and
2- minor indications of consolidations
3- sustaining beyond 5229-5254 for next moves confirmations.
Nifty slipped below 5229 after increased inflation data and traded more than 2 hours between 5203-5224 but could not sustain below 5229,moved up and again trading between 5229-5254.
Minor indications of consolidations were seen and it was updated also in Mid-session Outlook today. Indian markets ignored increased inflation data,out performing global markets but last half hour fast up moves are on the back of sharp 90 points surge in US futures therefore rally confirmations through sustaining above 5254 is must.
Just watch sustaining beyond 5229-5254 for next moves confirmations.
1- Indian markets are out performing global markets and
2- minor indications of consolidations
3- sustaining beyond 5229-5254 for next moves confirmations.
Nifty slipped below 5229 after increased inflation data and traded more than 2 hours between 5203-5224 but could not sustain below 5229,moved up and again trading between 5229-5254.
Minor indications of consolidations were seen and it was updated also in Mid-session Outlook today. Indian markets ignored increased inflation data,out performing global markets but last half hour fast up moves are on the back of sharp 90 points surge in US futures therefore rally confirmations through sustaining above 5254 is must.
Just watch sustaining beyond 5229-5254 for next moves confirmations.