Indian markets closed positive in highly volatile derivative expiry day today and for this closing I told minimum 10 times in all the 7 outlooks and also explained:-
1- reasons for today positive closing.
2- Bull markets correction character
3- Clearly told for support near 5800 and when Nifty was below 5800 then also told for support at that point and upmoves.
Just click following linkand understand above points from all today outlooks
http://enjoydailyprofits.blogspot.com/search/label/Whole%20Day%20Guidance
Tomorrow(01-04-2011) Outlook
March series expiry near the top of month. All trends are up and run away rally is on. 5700-5900 has been resistance and it is the strength of rally that Nifty cleared almost whole resistance and made the top at 5872 today. I told more than 5 times in this week for 5900. Many are telling for correction and Bullish markets corrections character have also been explained many times. For any type of down moves I told following lines specially in Post-closing Report(28-03-2011) & Tomorrow Outlook:-
"Complete selling patterns are required for any decisive down moves and until that will not happen till then any down move will not be imagined and after 2 months range break out any selling development can not be dreamed also."
5th wave is on and it is the character of 5th wave that it moves fast. As per my view resistance range has almost been cleared and moves above 5900 will be seen within couple of sessions. Next crucial resistance is above 6100 and also expected that fast up moves will be seen between 5900-6100.
Firstly trading between today range(5778-5872) and then Continuation of rally expected tomorrow. Only it has to be decided that Nifty will cross 5900 tomorrow or on Monday.