Post-open Outlook(27-04-2012)
SENSEX 112 points up and NIFTY 34 points up within first 15 minutes today but such up moves were projected yesterday in all the last 3 Outlooks and following lines were told:-
Consolidations Up moves possibility for today was projected yesterday in following words:-
1- In "Pre-Closing Outlook(26-04-2012)" at 3:17:00 PM: yesterday-
Whole day trading between 8180-5210 with consolidation indications.Today intraday consolidation patterns may be first step toward rally beginning
2- In "Indian Stock Markets Closing Reports(26-Apr-2012)" at 07:47:00 PM yesterday
Sideways trading with intraday consolidation patterns despite negative closing today.
3- In "Rally expectations developed after Intraday consolidations today" at 10:41:00 PM yesterday
1- intraday patterns are showing consolidation formations therefore correction completion process beginning will be considered now.
2- Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow with expectations of up moves and rally.
Positive trading after Green opening today and only sustaining above 5197 should be firstly watched today because follow up buying is must for correction completion.