Although Up moves today but it was clearly projected in last 4 days and following lines were told-
1- In Pre-open Outlook on 27-11-2012:-"fresh up moves above 5700 will be seen now"
2-In Mid-session Outlook on 26-11-2012:- "Nifty will move above 5650 and short term up moves will be seen in the coming sessions"
3-In Bullish Flag formation confirming strong Wave-5 Rally on 24-11-2012:- firstly up moves will be seen in the beginning of next week and Nifty will counter following next resistances:-
1- 5620-5650(Immediate resistance)
2- 5652-5660(Gap created on 15-11-2012)
3- 5672-5705.
4- 5700-5720/5733/5777/5815(Multiple Resistances)
Nifty traded above 5700 today and all above predictions and projections proved true today.
Up moves above 5700 will be seen but strong and multiple resistances between 5700-5815 therefore moves above 5700 may be slow because fresh consolidation will also be required before any up move.
1- In Pre-open Outlook on 27-11-2012:-"fresh up moves above 5700 will be seen now"
2-In Mid-session Outlook on 26-11-2012:- "Nifty will move above 5650 and short term up moves will be seen in the coming sessions"
3-In Bullish Flag formation confirming strong Wave-5 Rally on 24-11-2012:- firstly up moves will be seen in the beginning of next week and Nifty will counter following next resistances:-
1- 5620-5650(Immediate resistance)
2- 5652-5660(Gap created on 15-11-2012)
3- 5672-5705.
4- 5700-5720/5733/5777/5815(Multiple Resistances)
Nifty traded above 5700 today and all above predictions and projections proved true today.
Up moves above 5700 will be seen but strong and multiple resistances between 5700-5815 therefore moves above 5700 may be slow because fresh consolidation will also be required before any up move.