Post-closing report(11-02-2011)
Following conclusive Bullish lines were told in 3 outlooks on 11-02-2011 which prooved not only accurate but also provided accurate guidence at crucial points during trading hours:-
1- Pre-open outlook- "Sustaining above 5220 and positive closing expected today"
2- Mid-session outlook(When Nifty was below 5200)- "As support seen near 5200 yesterday therefore it has to be ascertained today that today move below 5200 is genuine down move or IIP data negative news impact only"
3- Mid-session outlook-2(When Nifty moved above 5200)- "As no clear distribution pattern in last 4 months EOD charts therefore 1st Jan 2011 bullish markets hopes are still alive despite all negative developments"
When Nifty was trading below 5200 and whole sentiment was completely depressing after weaker IIP data then at that time doubts were shown on that down moves and immediately bullish views posted above 5200.
Nifty closed above 5300 Indian markets closed with good gains according to positive closing views expressed before opening on Indian markets:-.
-Sensex closed 265.57 points up on 11-02-2011
-Nifty closed 84.20 points up at 5310 on 11-02-2011