When consolidation patterns formations begun at lower levels then it was updated in Mid-session Outlook today and Indian markets moved up also after our this posting.
As today intraday moves were affected by GAAR news on Business news channels therefore next moves confirmation through sustaining beyond 5330-5365 was also told in Mid-session Outlook-2 and Nifty again slipped below 5365 after forming top at 5,377.60.
Our conclusion is that today lower levels good supports with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.
As today intraday moves were affected by GAAR news on Business news channels therefore next moves confirmation through sustaining beyond 5330-5365 was also told in Mid-session Outlook-2 and Nifty again slipped below 5365 after forming top at 5,377.60.
Our conclusion is that today lower levels good supports with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.