Indian market gave positive indication through outperforming Global cues and it was updated also at 10:17 AM today. First 4 hours trading between 6001-6031 with consolidation between 6001-6017 today. As 6031 Broken out after Fuel relating positive announcements and after that up moves are positive news generated therefore firstly confirmation is required through sustaining above 6031.
Now Nifty is trading between next resistance range(6030-3065) therefore complete consolidation is required for break out above 6065 but positive news generated short covering by general traders also can not be ruled out within this range.
Valid break out of 6030-3065 is most crucial now for next immediate moves confirmations therefore should be firstly watched.
Now Nifty is trading between next resistance range(6030-3065) therefore complete consolidation is required for break out above 6065 but positive news generated short covering by general traders also can not be ruled out within this range.
Valid break out of 6030-3065 is most crucial now for next immediate moves confirmations therefore should be firstly watched.