Gap up opening and then Up moves seen after lower levels consolidations today but Nifty slipped from intraday higher levels after forming intraday high at 4645.30. Following line was told in Post-open Outlook today;-
Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
Profit booking near 4640 seen today. As mixed intraday patterns today with lower levels consolidations and higher levels distribution therefore no clear positions formations yet and following lines should be kept in mind for next immediate moves confirmations;-
Break out by force or sustaining beyond today trading range(4602-4645) will be next moves confirmations.
Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
Profit booking near 4640 seen today. As mixed intraday patterns today with lower levels consolidations and higher levels distribution therefore no clear positions formations yet and following lines should be kept in mind for next immediate moves confirmations;-
Break out by force or sustaining beyond today trading range(4602-4645) will be next moves confirmations.