As Mid Session up moves were on the back of European markets Strong opening therefore following precaution was updated in "Mid-session Outlook-3(03-05-2012)":-
"higher levels selling also seen today therefore sustaining above 5215 will be up moves confirmations and will be firstly watched because last half hour up moves are on the back of strong cues from European markets"
When market was trading at the top of the day after sharp surge then We projected our doubts in above lines and clearly told the requirement of confirmations through sustaining above 5215.
Nifty could not sustain above 5215 and tumbled as well as formed new intraday lows also after 02:20 Pm today
As fresh selling seen at higher levels today also therefore more down moves are expected in the coming sessions.
"higher levels selling also seen today therefore sustaining above 5215 will be up moves confirmations and will be firstly watched because last half hour up moves are on the back of strong cues from European markets"
When market was trading at the top of the day after sharp surge then We projected our doubts in above lines and clearly told the requirement of confirmations through sustaining above 5215.
Nifty could not sustain above 5215 and tumbled as well as formed new intraday lows also after 02:20 Pm today
As fresh selling seen at higher levels today also therefore more down moves are expected in the coming sessions.