Detailed analysis have been posted in following topics and not being repeated;-
1- Weekly Outlook(09-05-2011 to 13-05-2011)
2- Indian Stock Markets Report(09-05-2011)
3- Technical Analysis and Research For 10-05-2011
4 Days range bound trading(5500-5570) means preperation for big moves. Clear supports at lower levels today but higher levels mixed intraday patterns also between 5545-5570 therefore Nifty will trade near about this range first.
Fresh consolidation expected near about 5560 tomorrow and expected that Nifty will finally move above 5570 in the coming couple of sessions short term up moves will also commence in the coming couple of sessions.
For precaution and trend confirmation 5500-5570 break out should be watched first.
1- Weekly Outlook(09-05-2011 to 13-05-2011)
2- Indian Stock Markets Report(09-05-2011)
3- Technical Analysis and Research For 10-05-2011
4 Days range bound trading(5500-5570) means preperation for big moves. Clear supports at lower levels today but higher levels mixed intraday patterns also between 5545-5570 therefore Nifty will trade near about this range first.
Fresh consolidation expected near about 5560 tomorrow and expected that Nifty will finally move above 5570 in the coming couple of sessions short term up moves will also commence in the coming couple of sessions.
For precaution and trend confirmation 5500-5570 break out should be watched first.