More than 14 hours trading in 3 sessions between 5852-5898 with:-
1- support between 5829-5848 on 30-11-2012.
2- support between 5860-5871 today.
1- Selling between 5890-5898 yesterday.
2- Selling between 5884-5876 today.
44 Sessions sideways trading range( 5549-5815) broken out on 28-11-2012 but follow up consolidation is must for sustaining above 5815. As higher levels selling therefore consolidation is must for any up moves above 5900 and its signals also seen at lower levels today. As down moves seen after above mentioned higher levels selling therefore:-
1- Today intraday lowest(5860) should be firstly watched for correction continuation/completion confirmation.
2- Above mentioned support(5829) should be finally watched for correction continuation/completion confirmation.
Indian markets may be volatile according to news flow from Parliament therefore valid break out of 5815-5900 should be watched for next decisive trend confirmation.
1- support between 5829-5848 on 30-11-2012.
2- support between 5860-5871 today.
1- Selling between 5890-5898 yesterday.
2- Selling between 5884-5876 today.
44 Sessions sideways trading range( 5549-5815) broken out on 28-11-2012 but follow up consolidation is must for sustaining above 5815. As higher levels selling therefore consolidation is must for any up moves above 5900 and its signals also seen at lower levels today. As down moves seen after above mentioned higher levels selling therefore:-
1- Today intraday lowest(5860) should be firstly watched for correction continuation/completion confirmation.
2- Above mentioned support(5829) should be finally watched for correction continuation/completion confirmation.
Indian markets may be volatile according to news flow from Parliament therefore valid break out of 5815-5900 should be watched for next decisive trend confirmation.