Technical Analysis and Research of EOD and Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-
Correcion of Pull Back Rally is on
Asian markets are .70% to 1.4% down today morning after weak closing in US and European markets yesterday therefore sentiment is dampened and Nifty will firstly trade between 4840-4890 after gap down opening. Indian markets will prepare for next moves within this range and follow up buying/selling within this range as well as sustaining beyond this range will be next immediate moves confirmation.
Correcion of Pull Back Rally is on was posted yesterday and one addition in last lines which is as follows;-
1- 50.0% retracement level- 4869
2- 61.8% retracement level- 4815
3- Next support range- 4755-4800