Pull Back rally started on 19-08-2011 from 4796 after lower levels consolidations and halted on 24-08-2011 at 4962 after higher levels selling.Technical positions of last 4 sessions are as follows:-
1- Selling between 4898-4960
2- Buying between 4798-4850
Asian markets are strong today after US markets Green closing therefore Indian markets will open positive. As good selling between 4898-4960 yesterday therefore if Nifty sustains above 4960 on the back of strong Global cues then next up moves will be considered.
1- Selling between 4898-4960
2- Buying between 4798-4850
Asian markets are strong today after US markets Green closing therefore Indian markets will open positive. As good selling between 4898-4960 yesterday therefore if Nifty sustains above 4960 on the back of strong Global cues then next up moves will be considered.