When Nifty was trading near 5965 then following lines were told today at 12:25:00 PM in Mid-session Outlook(08-01-2013):-
Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.
We told only for 5965 in both previous Outlooks and Nifty bounced from 5,964.40 and now trading at 5992 as well as given strong indication of yesterday started correction completion near 5965.
As good selling between 6000-6026 in last 4 sessions therefore more consolidation is required for decisive rally above 6026 and also expected that finally on going rally will remain continued after follow up consolidations in the coming sessions.
Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.
We told only for 5965 in both previous Outlooks and Nifty bounced from 5,964.40 and now trading at 5992 as well as given strong indication of yesterday started correction completion near 5965.
As good selling between 6000-6026 in last 4 sessions therefore more consolidation is required for decisive rally above 6026 and also expected that finally on going rally will remain continued after follow up consolidations in the coming sessions.