Following lines were told today at 08:11 AM in Technical Analysis and Market Outlook(27-08-2014)
1- Although flat to positive Asian markets but SGX Nifty is trading more than 25 points up today morning therefore positive opening may be seen in Indian markets but immediate decisive up moves will not be seen
2- 7898-7968 will be understood strong resistance range therefore complete consolidation is must for decisive rally above life time highest.
Firstly more than 5 hours trading between 7926-7946 with consolidations and this range broken down also but as such selling not seen within this range therefore today sharp fall at 02:45 PM will be understood a part of cosolidation process and rally continuation expectations will remain a live in next week .
1- Although flat to positive Asian markets but SGX Nifty is trading more than 25 points up today morning therefore positive opening may be seen in Indian markets but immediate decisive up moves will not be seen
2- 7898-7968 will be understood strong resistance range therefore complete consolidation is must for decisive rally above life time highest.
Firstly more than 5 hours trading between 7926-7946 with consolidations and this range broken down also but as such selling not seen within this range therefore today sharp fall at 02:45 PM will be understood a part of cosolidation process and rally continuation expectations will remain a live in next week .