Technicals and conclusions for coming week markets have already been explained in details in following 4 topics therefore not being repeated:-
1- Weekly Outlook(09-05-2011 to 13-05-2011)
2- Nifty-Micro Analysis of Intra Day Charts
3- Weekly Chart Analysis
4- Trend Decider Pennant Pattern
As last 3 sessions narrow range market(5500-5560) therefore its break out and sustaining beyond will certainly be crucial development and 5% decisive moves will be expected in the direction of break out side.
Global markets and US Futures are in Green and sentiment is positive today morning therefore expected that Nifty will first trade between 5560-5600. Nifty sustaining above 5560 today will be up side break out strong indication and rally confirmation will be sustaining above 200 Day EMA.
Positive closing expected today after Green opening and most of the time positive zone trading.
1- Weekly Outlook(09-05-2011 to 13-05-2011)
2- Nifty-Micro Analysis of Intra Day Charts
3- Weekly Chart Analysis
4- Trend Decider Pennant Pattern
As last 3 sessions narrow range market(5500-5560) therefore its break out and sustaining beyond will certainly be crucial development and 5% decisive moves will be expected in the direction of break out side.
Global markets and US Futures are in Green and sentiment is positive today morning therefore expected that Nifty will first trade between 5560-5600. Nifty sustaining above 5560 today will be up side break out strong indication and rally confirmation will be sustaining above 200 Day EMA.
Positive closing expected today after Green opening and most of the time positive zone trading.