Folloiwng line was told in Technical Analysis & Market Outlook(01-08-2011) today:-
1- sustaining above first resistance(5560-5595) is must for up trend first confirmation.
2- next trend will be decided through sustaining beyond mentioned next resistance range.
Selling seen exactly below mentioned resistance range between 5520-5545 today therefore until Nifty will not move above 5545 till then any up move will not be considered and more down moves possibilities can not be rules out if Nifty slips below 5490.
1- sustaining above first resistance(5560-5595) is must for up trend first confirmation.
2- next trend will be decided through sustaining beyond mentioned next resistance range.
Selling seen exactly below mentioned resistance range between 5520-5545 today therefore until Nifty will not move above 5545 till then any up move will not be considered and more down moves possibilities can not be rules out if Nifty slips below 5490.