Following lines were told in Tomorrow(17-05-2011) Market Outlook & Technical Analysis yesterday:-
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)