Although gap up opening yesterday but we told only for down moves yesterday and Indian markets are down today as well as again proved all our predictions 100% accurate. We told following lines yesterday:-
1- We told at 09:41 AM in Post-open Outlook(03-01-2013)- "possibility of firstly slipping"
2- We told at 10:10 AM in Post-open Outlook-2(03-01-2013)- "good selling was seen within it yesterday"
2- We told in Technical Analysis and Market Outlook(04-01-2013)- " possibility of very short term down moves"
All trends are up and only very short term down moves were expected which were seen today because intraday selling formations and development of resistance within 6000-6012 in last 2 sessions. Until Nifty will not sustain above 6012 till then next up move will be considered and follow up moves will decide the life of today started correction. As Bull markets does not correct very deep therefore following 2 supports will be firstly watched:-
1- 5984
2- 5965
1- We told at 09:41 AM in Post-open Outlook(03-01-2013)- "possibility of firstly slipping"
2- We told at 10:10 AM in Post-open Outlook-2(03-01-2013)- "good selling was seen within it yesterday"
2- We told in Technical Analysis and Market Outlook(04-01-2013)- " possibility of very short term down moves"
All trends are up and only very short term down moves were expected which were seen today because intraday selling formations and development of resistance within 6000-6012 in last 2 sessions. Until Nifty will not sustain above 6012 till then next up move will be considered and follow up moves will decide the life of today started correction. As Bull markets does not correct very deep therefore following 2 supports will be firstly watched:-
1- 5984
2- 5965