Following lines were told at 05:39:00 PM yesterday in the topic of Confirmation required for 64 sessions range(4720) breaking down
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.