Nifty traded and hovered around
5375-5400 in first 3 hours of today trading. Following lines and this range break out implications have already been told were told in 3 previous outlooks:-
When Dow's Futures was more than 150 points down and Indian markets were trading near day's lows.Sentiment was completely deepressed then bearish views were not expressed and following lines were told in
Pre-closing Outlook yesterday:-
"Nifty is trading between
5375-5400 for the last 3 hours and dipping below 4375 will mean begining of deep down and sustaining above 5400 will mean survival of bullush markets hopes."
When US markets were more than 1% down then also bearish views were not expressed and following lines were told in
Nifty-Micro Analysis of Intra Day Chart yesterday:-
"As today down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations.
Nifty traded last 3 hours between 5375-5400 but patterns are mixed and if Nifty sustains below 5375 tomorrow then deep down will be seen"
Following line was told in
Pre-open Outlook today :-
"Sustaining beyond
5375-5400 will be next move decider and will be watched first for next moves confirmations"
