Intraday support at 200-Day EMA on 07-03-2012 and good Global markets rally yesterday therefore huge gap up opening today. As huge gap up after testing of 200-Day EMA therefore strong indication of correction completion today and confirmation will be sustaining above intermediate term trend decider 5340.
Expected that market will consolidate near 5300 for next up moves and sustaining beyond 5290-5340 will be correction completion/continuation confirmation therefore should be firstly watched.
Expected that market will consolidate near 5300 for next up moves and sustaining beyond 5290-5340 will be correction completion/continuation confirmation therefore should be firstly watched.