Following lines were told at 05:51:00 AM today in Continuation of rally after minor correction
As mixed intra day patterns during 5 hours of trading on 10-01-2012 therefore consolidation is required and that may be seen between yesterday mixed patterns trading range also.
As was told same happened and Benchmark Indices firstly hovering around and consolidated near about yesterday closing and after that moved up. First 2 hours trading range is 4847-4864 and Nifty is trading above this range. Although some intraday volatility is expected but expected that rally will remain continued in Indian markets and next decisive up moves will be seen within couple of sessions.
Sustaining beyond 4847-4864 will be Next moves confirmation therefore should be firstly watched also in next couple of sessions because intraday selling signals at higher levels today.
As mixed intra day patterns during 5 hours of trading on 10-01-2012 therefore consolidation is required and that may be seen between yesterday mixed patterns trading range also.
As was told same happened and Benchmark Indices firstly hovering around and consolidated near about yesterday closing and after that moved up. First 2 hours trading range is 4847-4864 and Nifty is trading above this range. Although some intraday volatility is expected but expected that rally will remain continued in Indian markets and next decisive up moves will be seen within couple of sessions.
Sustaining beyond 4847-4864 will be Next moves confirmation therefore should be firstly watched also in next couple of sessions because intraday selling signals at higher levels today.