Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topic with 1 Chart therefore not being repeated:-
Nifty-Micro Analysis of Intra Day Chart For 03-11-2011
Nifty traded 3 hours between 5377-5297 with intraday selling patterns and more down moves have already been updated in both previous outlooks yesterday. Although US markets closed with 1.5% gains but its Futures are more than 1% down today and all the Asian markets are also sharply down today therefore sentiment is weak and and negative zone trading will be seen after weak opening today. Correction is on and just click following link for Nifty next supports and retracement levels:-
Technical Analysis,Researches & Market Outlook(02-11-2011)
Sustaining below 5229 will mean reentering into previous 54 sessions range bound markets and failure of European news generated above 5323 rally also.
Most uncertain European newsflow,Global markets and US markets Futures which trades in reverse direction of its previous day. As highly volatile markets without any base therefore most cautious approach is required. Lot of things will depend on Greece referendum tomorrow and results of G-20 meet as well as continuation or completion of Indian markets correction will also be decided according to its results.
Expected that Nifty will firstly trade and prepare for next moves between 5195-5235 after weak opening today. More weakness expected and sustaining beyond this range will be next moves confirmations.
Nifty-Micro Analysis of Intra Day Chart For 03-11-2011
Nifty traded 3 hours between 5377-5297 with intraday selling patterns and more down moves have already been updated in both previous outlooks yesterday. Although US markets closed with 1.5% gains but its Futures are more than 1% down today and all the Asian markets are also sharply down today therefore sentiment is weak and and negative zone trading will be seen after weak opening today. Correction is on and just click following link for Nifty next supports and retracement levels:-
Technical Analysis,Researches & Market Outlook(02-11-2011)
Sustaining below 5229 will mean reentering into previous 54 sessions range bound markets and failure of European news generated above 5323 rally also.
Most uncertain European newsflow,Global markets and US markets Futures which trades in reverse direction of its previous day. As highly volatile markets without any base therefore most cautious approach is required. Lot of things will depend on Greece referendum tomorrow and results of G-20 meet as well as continuation or completion of Indian markets correction will also be decided according to its results.
Expected that Nifty will firstly trade and prepare for next moves between 5195-5235 after weak opening today. More weakness expected and sustaining beyond this range will be next moves confirmations.