Following line was told today in Technical Analysis,Research & Weekly Outlook (May 06 to May 10,2013)
Expected that Nifty will firstly hover around previous 2 Sessions actual trading range(5927-6017) and will prepare for next trend
As was told 100% same happened and today whole day trading was seen between 5,928.45-5,976.50 but intraday patterns are not showing any clear pattern formation because lower levels supports with some higher levels selling indications also seen.
It will be better to wait for one sided intraday patterns formations and valid break out of 5927-6017 should also be watched in the coming sessions for next moves confirmations. We tells only those words which are confirm and never try to guess therefore when Indian markets closed near the top of the day on 02-05-2013 then we told these lines on 02-05-2013 in Short Term Correction on Cards:-
Short Term Correction will be seen tomorrow despite whatsoever rates cuts by RBI.
Expected that Nifty will firstly hover around previous 2 Sessions actual trading range(5927-6017) and will prepare for next trend
As was told 100% same happened and today whole day trading was seen between 5,928.45-5,976.50 but intraday patterns are not showing any clear pattern formation because lower levels supports with some higher levels selling indications also seen.
It will be better to wait for one sided intraday patterns formations and valid break out of 5927-6017 should also be watched in the coming sessions for next moves confirmations. We tells only those words which are confirm and never try to guess therefore when Indian markets closed near the top of the day on 02-05-2013 then we told these lines on 02-05-2013 in Short Term Correction on Cards:-
Short Term Correction will be seen tomorrow despite whatsoever rates cuts by RBI.