Following lines were told yesterday in Technical Analysis and Market Outlook(10-10-2012):-
"sentiment may be weak tomorrow morning and trading is possible within next strong support range(5639-5680)"
Nifty traded first 4 hours between 5658-5686 today and above mentioned strong support range does not broken down despite weaker all global markets. Correction continuation with whole day negative zone trading today but both lower levels supports and higher levels selling seen today.
As selling again seen today also therefore correction continuation and its completion possibility will be considered after complete consolidation formations and supports getting confirmations.
"sentiment may be weak tomorrow morning and trading is possible within next strong support range(5639-5680)"
Nifty traded first 4 hours between 5658-5686 today and above mentioned strong support range does not broken down despite weaker all global markets. Correction continuation with whole day negative zone trading today but both lower levels supports and higher levels selling seen today.
As selling again seen today also therefore correction continuation and its completion possibility will be considered after complete consolidation formations and supports getting confirmations.