View not be Bearish after Shanghai & Hang Seng led huge Fall
Mid-session Outlook(28-05-2015)
As consolidation yesterday therefore positive opening in Indian markets but down moves started because sentiment completely dampened after huge fall beginning in following Asian markets:-
Shanghai closed now 321(6.50%) down.
Hang Seng is now trading 826(2.94%) down.
As today fall in Indian markets is Asian markets driven and all the European markets are also in Red today therefore view will not be Bearish and fresh up moves are expected above today highest after 1/2 sessions consolidation because:-
1- Today intraday patterns are not showing selling formations.
2- Last 2 sessions intraday patterns are showing consolidation formations.