It was told again and again that Indian markets are not mature for any side decisive moves and will firstly prepare for next moves within yesterday trading range. As was told same was seen and Nifty traded first 4 hours within yesterday range trading. Consolidation and intra day supports were also told 3 times in following lines during today market hours:-
Intraday support seen at lower levels and intraday patterns also showing consolidations.
As market could not sustained at higher levels therefore following possibility was also told 2 times for precaution:-
profit booking possibility also can not be ruled out between 5132-5139.
Following conclusive lines were told in Technical Analysis,Researches & Market Outlook(08-09-2011)
Pull Back rally is on and more up moves are demand of on going rally therefore expected that follow up buying will be seen in the coming sessions and markets will move up.
Supports,consolidations and up moves were told again and again and Indian markets moved up finally and crossed yesterday range. Rally is very much continued accoring to our expectations and more up moves will be seen.
Intraday support seen at lower levels and intraday patterns also showing consolidations.
As market could not sustained at higher levels therefore following possibility was also told 2 times for precaution:-
profit booking possibility also can not be ruled out between 5132-5139.
Following conclusive lines were told in Technical Analysis,Researches & Market Outlook(08-09-2011)
Pull Back rally is on and more up moves are demand of on going rally therefore expected that follow up buying will be seen in the coming sessions and markets will move up.
Supports,consolidations and up moves were told again and again and Indian markets moved up finally and crossed yesterday range. Rally is very much continued accoring to our expectations and more up moves will be seen.