Following 3 positive news generated recovery form lower levels in Indian markets:-
1- More than 50 paisa recovery in Indian Rupee
2- US Futures turned more than .40% up from negative zone trading. .
3- All European markets in Green and some are more than 1% up.
Lower levels supports at 4890 have already been seen in Indian markets today and above mentioned positive news flow triggered up moves also. Nifty traded most time above 4915 in last 2 hours with lower levels intra day consolidation patterns and sustaining above 4915 will be next up move confirmations.
1- More than 50 paisa recovery in Indian Rupee
2- US Futures turned more than .40% up from negative zone trading. .
3- All European markets in Green and some are more than 1% up.
Lower levels supports at 4890 have already been seen in Indian markets today and above mentioned positive news flow triggered up moves also. Nifty traded most time above 4915 in last 2 hours with lower levels intra day consolidation patterns and sustaining above 4915 will be next up move confirmations.
Although confirmations are must but finally Pull Back Rally is expected after sustaining above 4960.