Positive global cues led strong Indian markets trading between 200-Day EMA(5130) and 200-Day SMA(5201). Sustaining beyond these two averages will give following
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.