As posting was not possible in Blog due to technical problem in blogger.com therefore posting was not done in my Blog but Today Outlook was posted in My face book Group today. Same outlook is being reproduced in following lines now.
As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-
http://www.facebook.com/home.php?sk=group_117590304976168&ap=1
Market Outlook(30-06-2011)
Bullish markets 4 confirmations are as follows:-
1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.
2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.
3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.
4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.
First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.
As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.
Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.
Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.
4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.
As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-
http://www.facebook.com/home.php?sk=group_117590304976168&ap=1
Market Outlook(30-06-2011)
Bullish markets 4 confirmations are as follows:-
1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.
2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.
3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.
4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.
First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.
As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.
Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.
Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.
4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.
