Although sharp fall in last hour yesterday but we told following conclusive lines yesterday in Sideways market between 5965-6026 on 10-01-2013:-
1- today last hour fall was only negative news led panic bottom formation
2- Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered
3- rally continuation above 5965 will be expected.
Nifty is trading between strong resistance range(6000-6026) after positive opening but complete consolidation is required for decisive break out above 6026 and also expected that
1- today last hour fall was only negative news led panic bottom formation
2- Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered
3- rally continuation above 5965 will be expected.
Nifty is trading between strong resistance range(6000-6026) after positive opening but complete consolidation is required for decisive break out above 6026 and also expected that
finally break out above 6026 will be seen within couple of sessions after follow up consolidations.