Post-open Outlook(06-03-2012)
Indian markets more than 1.00% down immediately after opening today and then more than 1 % up within first half hour today and proved ours following projections 100% accurate:-
In Pre-Closing Outlook(05-03-2012) at 02:59PM yesterday:-
A- strong indication of intermediate term trend turning down and high possibility of more down moves to text next support levels.
B-Indian markets are prepared for more down moves in the coming sessions.
2- In Technical and Assembly results implications Analysis yesterday
A- Technically Intermediate term trend turning down strong indication
B- technically high possibility of more down moves to test next support levels in the coming sessions
C- Indian markets are technically prepared for more down moves in the coming sessions.
High volatility today but we told following lines yesterday;-
1- Assembly results uncertainty led volatility can not be ruled out tomorrow
2- in such situations technical positins reverses also therefore sustaining beyond today trading range(5267-5322) should be firstly watched for next moves confirmations.
3- Indian markets will only be effected by Congress conclusive gains/loss and change of dependence on other parties.
Highly Volatile market today and technical positins reverses also in such situations therefore following levels should be firstly watched:-
1- Sustaining beyond yesterday trading range(5267-5322) for first indication.
2- Sustaining beyond intermediate term trend decider 5340
Long term trend is up Short term trend is down and correction completion/continuation through survival of intermediate term trend will be decided through sustaining beyond above levels and should be firstly watched.
Expected that no fresh up moves will start after correction completion today.