Following levels were given yesterday. As relevant therefore being repeated as follows:-
1- Next resistance range- 5460-5520
2- Intermediate term trend is down and will be up above 5556.
As consolidation requires for any up move therefore:-
1- Nifty trading range was given Yesterday- 5420-5500.
2- Nifty achual trading range was Yesterday- 5408-5507.
As Indian markets have to prepare and consolidate within resistance range therefore will trade within it first before any cross over. Intraday charts of yesterdy are suggesting consolidation and same expected today also within 5420-5520.
View is bullish and opening to closing moves within 5420-5520 expected today.
1- Next resistance range- 5460-5520
2- Intermediate term trend is down and will be up above 5556.
As consolidation requires for any up move therefore:-
1- Nifty trading range was given Yesterday- 5420-5500.
2- Nifty achual trading range was Yesterday- 5408-5507.
As Indian markets have to prepare and consolidate within resistance range therefore will trade within it first before any cross over. Intraday charts of yesterdy are suggesting consolidation and same expected today also within 5420-5520.
View is bullish and opening to closing moves within 5420-5520 expected today.