Following guidance was given in Blasting Rally is on After all trends turning Up
minor intraday or very short term corrections may be seen any time after turning of heated sentiment
As sentiment was heated due to strong rally in US and European markets last Friday and Case against Chidaram was also dismissed therefore sentiment had been heated today morning and minor intraday correction is being seen and it may be a part of consolidation also.
Until complete selling pattern will not develop and Nifty will not sustain below 5250,till then short term correction will not be considered.
minor intraday or very short term corrections may be seen any time after turning of heated sentiment
As sentiment was heated due to strong rally in US and European markets last Friday and Case against Chidaram was also dismissed therefore sentiment had been heated today morning and minor intraday correction is being seen and it may be a part of consolidation also.
Until complete selling pattern will not develop and Nifty will not sustain below 5250,till then short term correction will not be considered.