Following lines were told today at 09;00 AM in Pre-open Outlook(22-05-2015):-
1- most Asian markets are trading with sufficiently good gains and sentiment is strong today morning
2- Nifty should trade above 8446 immediately after opening
3- otherwise possibility of Very Short Term correction will be considered
4- finally valid break out of 8383-8446 will give next decisive moves confirmations.
As Nifty did not moved above 8446 immediately after opening and crossed it after 10;30 AM therefore possibility of selling under heated sentiments(due to strong Asian markets) will be considered and firstly sustaining beyond 8383-8489 should be watched next trend confirmations.
1- most Asian markets are trading with sufficiently good gains and sentiment is strong today morning
2- Nifty should trade above 8446 immediately after opening
3- otherwise possibility of Very Short Term correction will be considered
4- finally valid break out of 8383-8446 will give next decisive moves confirmations.
Nifty moved above 8446 after 10;30 AM and traded more than 3 hours between 8462-8489 but could not sustain at higher levels and slipped forcefully below 3 hours range(8462).
As Nifty did not moved above 8446 immediately after opening and crossed it after 10;30 AM therefore possibility of selling under heated sentiments(due to strong Asian markets) will be considered and firstly sustaining beyond 8383-8489 should be watched next trend confirmations.