Asian markets are trading with minor gains and sentiment is quiet today morning. Selling patterns seen in the last one hour between 5555-5570 yesterday therefore intraday consolidation is first demand before any up move and expected that Nifty will first trade near about this range today. As Indian markets are between resistance range(5500-5605) therefore consolidation is prime requirement for next up move and sustaining above 5605.
As per my view Nifty will trade first between 5540-5605 in all types of Bullish/Bearsh sentiments and and sustaining beyond this range will give confirmation to next Indian markets.
Expected that Nifty will consolidate between 5540-5605 and may take few hours to few session in this process. Very much expected that Nifty will finally cross and sustain above 5605 in the coming sessions/week and strong rally will be seen.
Next moves confirmation range- sustaining beyond 5540-5605
As per my view Nifty will trade first between 5540-5605 in all types of Bullish/Bearsh sentiments and and sustaining beyond this range will give confirmation to next Indian markets.
Expected that Nifty will consolidate between 5540-5605 and may take few hours to few session in this process. Very much expected that Nifty will finally cross and sustain above 5605 in the coming sessions/week and strong rally will be seen.
Next moves confirmation range- sustaining beyond 5540-5605