Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.
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Pre-closing Outlook(19-07-2011)
Indian markets were subdued since opening today and started to move after strong opening of European markets and strong US Futures trading.(Dow futures is +90 at this moment). Volatile moves are being seen due to fast changing global news flow and sentiments. Nifty crossed last 3 days range of 5595. Lower levels buying seen between 5558-5577 and mised patterns between 5605-5620 in last 2 hours of trading between resistance range of 5605-5740.
Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.
Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.