Although US and European markets closed in deep Red yesterday but its futures are Asian markets are .45% to 1% up today morning and all the Asian markets are flat today morning therefore Indian markets will also open flat to positive today. Short term indicators are oversold after more than 600 Nifty points straight fall therefore its correction in the form of pull back rally is on cards and if devastating news flow stops then up moves will start.
Market require complete consolidation minimum first resistance crossing will be next up moves confirmation. Nifty will firstly trade between 4780-4830 and prepare for next moves,crossing of this range will be next moves confirmation.
Market require complete consolidation minimum first resistance crossing will be next up moves confirmation. Nifty will firstly trade between 4780-4830 and prepare for next moves,crossing of this range will be next moves confirmation.