some stocks selling, mixed Trading patterns and today consolidation demand within 5855-5940 was told in 5 previous outlooks.For this following lines were told:-
1- Most Indices patterns and most pivotal stocks are showing consolidations but some stocks intraday patterns showed selling formations also today.
2- As selling in some pivotal stocks today therefore today range(5855-5920) will be watched first
3- follow up buying tomorrow will mean fresh strong rally in the coming sessions
4- Nifty next move confirmation range is 5855-5940 and Nifty will prepare for next moves within range first.
5-Trading patterns were mixed yesterday and markets require clear formations for decisive break out.
Base formation within 5857-5870 yesterday and next move confirmation range is 5855-5940. If Nifty moves below 5855 then expect deeper correction and sharp surges will be seen above 5940. Market is preparing within 5855-5940 and expect big moves beyond this range.
1- Most Indices patterns and most pivotal stocks are showing consolidations but some stocks intraday patterns showed selling formations also today.
2- As selling in some pivotal stocks today therefore today range(5855-5920) will be watched first
3- follow up buying tomorrow will mean fresh strong rally in the coming sessions
4- Nifty next move confirmation range is 5855-5940 and Nifty will prepare for next moves within range first.
5-Trading patterns were mixed yesterday and markets require clear formations for decisive break out.
Base formation within 5857-5870 yesterday and next move confirmation range is 5855-5940. If Nifty moves below 5855 then expect deeper correction and sharp surges will be seen above 5940. Market is preparing within 5855-5940 and expect big moves beyond this range.