When Indian markets were near lower levels then following line was told in Mid-session Outlook today:-
As intraday patterns are showing consolidations therefore up moves are expected
More than 1% upmoves were seen after above message today. Nifty got support again within 4675-4690 and between crucial support range((4640-4690) but multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838)
As sentimrnt is heated at this moment therefore minor intraday correction is expected but finally sustaining above 4690 will mean continuation of today begun pull back rally in the coming sessions.
As intraday patterns are showing consolidations therefore up moves are expected
More than 1% upmoves were seen after above message today. Nifty got support again within 4675-4690 and between crucial support range((4640-4690) but multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838)
As sentimrnt is heated at this moment therefore minor intraday correction is expected but finally sustaining above 4690 will mean continuation of today begun pull back rally in the coming sessions.