All trends are up and Indian markets are range bound as well as preparing for next more than 5% decisive moves within 5323-5428 for the last 7 sessions with lower levels buying and higher levels distribution patterns.
Indian markkets traded between 5394-5418 with intraday distribution patterns yesterday but most Asian markets are positive and sentiment is good today morning therefore Nifty will firstly trade at/above the higher levels of last 7 sessions trading range.
All trends are up and markets consolidated at higher levels also in Bullish markets therefore sustaining above 5418/5428 will be firstly watched today for upward break out confirmation of last 7 days range. Finally sustaining above 5418/5428 today will mean sharp surge and testing of 2011 higher levels resistances.
5418/5428 will decide the fate 2nd inning therefore sustaining beyond should be firstly watched today.
Indian markkets traded between 5394-5418 with intraday distribution patterns yesterday but most Asian markets are positive and sentiment is good today morning therefore Nifty will firstly trade at/above the higher levels of last 7 sessions trading range.
All trends are up and markets consolidated at higher levels also in Bullish markets therefore sustaining above 5418/5428 will be firstly watched today for upward break out confirmation of last 7 days range. Finally sustaining above 5418/5428 today will mean sharp surge and testing of 2011 higher levels resistances.
5418/5428 will decide the fate 2nd inning therefore sustaining beyond should be firstly watched today.