Rally continuation was told within first 4 minutes today and it was seen also through more than first one hour up moves today. Although it was expected that Nifty will trade and prepare for up moves below 5390 but sentiment turned bullish after all Asian market good gains therefore Nifty is trading at higher levels between 5417-5435 for the last 4 hours.
More than 3 hours good selling was seen between 5458-5422 on 29-02-2012 and it is last resistance of previous 11 sessions trading range also. Nifty is trading between and little below this range for the last 4 hours and preparing for post Budget decisive moves.
Mixed formations and selling patterns also seen in last 4 yours range(5417-5435) therefore confirmations required through sustaining it beyond.As more than 4 hours trading range therefore crucial to decide post Budget moves and its break out should be firstly watched.