Following lines were told in Post-closing Report(28-04-2011) & Tomorrow Outlook yesterday:-
"correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow."
Following lines were told in Pre-Open Market Outlook(29-04-2011) today at 09:08:00 AM
Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.
Today low is at 5709 wnich is between support range(5700-5740). Short trem trend is down and intermediate term trend will be down after sustaining below 5700. Nifty moving below 5700 possibility can not be ruled out but sustaining below 5700 will mean down moves from 3 weeks to 3 months.