We understood positive market immediately after opening today therefore firstly we covered our shorting positions within first 5 minutes and also told following line within first 30 minutes for Indian markets:-
strength immediately after opening
Nifty moved up more than 25 pomts after our above message and 47 points after our short covering message.. Following guidance for today trading has been given in both previous outlooks:-
Firstly trading expected between 5050-5100 and follow up buying/selling will decide next decisive moves today. sustaining below 5050 will be deeper correction confirmation as well as sustaining above 5100 will be first indication of up moves and confirmation will be moving above 5135.
Consolidation patterns today but selling also within 5090-5135 yesterday therefore up moves expectations are equally high today and confirmation will be after moving above 5135.
strength immediately after opening
Nifty moved up more than 25 pomts after our above message and 47 points after our short covering message.. Following guidance for today trading has been given in both previous outlooks:-
Firstly trading expected between 5050-5100 and follow up buying/selling will decide next decisive moves today. sustaining below 5050 will be deeper correction confirmation as well as sustaining above 5100 will be first indication of up moves and confirmation will be moving above 5135.
Consolidation patterns today but selling also within 5090-5135 yesterday therefore up moves expectations are equally high today and confirmation will be after moving above 5135.