Following line was told in Pre-Open Market Outlook today
Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction.
Following line was told in Pre-Open Market Outlook today
5580 was told trend decider and Nifty is trading a little below since opening today. 1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.
Conclusions-
1- Correction started from Diwali 2010.
2- Correction has been completed in 40 sessions range bound moves.
3- Rally started today toward minimum 5900.
(Detailed analysis will be posted in "Post-closing Report(25-03-2011) & Tomorrow Outlook" today and in "weekly" in next 2 days)