Although most of the Asian markets were in deep Red but folloiwng lines were told for today market in Pre-open Outlook:-
1- Until Nifty will not sustain below 4788 till then further down moves will not be considered.
2- Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Nifty is in positive zone above 4800 despite all negative zone trading Asian markets and Dow's Futures is also 50 points down at this moment.
Whole day intraday consolidations yesterday and correction completion as well as rally continuation possibility was told in following 3 topics yesterday:-
1- Rally will contine within most Crucial Trend deciding Range
2- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
3- Pre-Closing Outlook(29-11-2011)
Intraday support at lower levels today sustaining above following two levels will be next strong rally confirmation:-
1- 4820
2- 4866
1- Until Nifty will not sustain below 4788 till then further down moves will not be considered.
2- Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Nifty is in positive zone above 4800 despite all negative zone trading Asian markets and Dow's Futures is also 50 points down at this moment.
Whole day intraday consolidations yesterday and correction completion as well as rally continuation possibility was told in following 3 topics yesterday:-
1- Rally will contine within most Crucial Trend deciding Range
2- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
3- Pre-Closing Outlook(29-11-2011)
Intraday support at lower levels today sustaining above following two levels will be next strong rally confirmation:-
1- 4820
2- 4866