Whatsoever market suggests from technical analysis only all that is updated. As it was understood that Indian markets are not prepared for any side decisive moves and will remain range bound therefore following "Weekly analysis" topic was posted on 05-01-2014:-
As was told in above topic same was seen in previous both sessions and today were range bound within 6145-6225. Technical positions of previous 3 sessions as follow:-
1- Supports between 6145-6186
2- Selling between 6179-6220
Intraday patterns are showing lower levels supports and indications of consolidation as well despite slipping from higher levels in last half hour today. More or less sustaining beyond 6130-6220 will be next trend confirmation and expected such moves will be seen next Friday after INFY quarterly results.
Let market prepare for post INFY results decisive moves then will be updated from 5 sessions intraday charts analysis including today and tomorrow.
As was told in above topic same was seen in previous both sessions and today were range bound within 6145-6225. Technical positions of previous 3 sessions as follow:-
1- Supports between 6145-6186
2- Selling between 6179-6220
Intraday patterns are showing lower levels supports and indications of consolidation as well despite slipping from higher levels in last half hour today. More or less sustaining beyond 6130-6220 will be next trend confirmation and expected such moves will be seen next Friday after INFY quarterly results.
Let market prepare for post INFY results decisive moves then will be updated from 5 sessions intraday charts analysis including today and tomorrow.