Pre-open Outlook(28-11-2011)
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.