Following line was told in Weekly Outlook(Mar 26 to Mar 30,2012) on 25-03-2012:-
correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out
Nifty is hovering around 200-Day SMA(today at 5151) since opening today and testing Long Term Trend. Although sustaining it beyond should be firstly watched today but expected that Nifty will get support near it about and rally will start after completion of correction from this most crucial level.
correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out
Nifty is hovering around 200-Day SMA(today at 5151) since opening today and testing Long Term Trend. Although sustaining it beyond should be firstly watched today but expected that Nifty will get support near it about and rally will start after completion of correction from this most crucial level.