Post-open Outlook(20-04-2012)
Following 2 trading ranges in last more than 3 hours yesterday:-
1- Follow up consolidation and higher bottom support between 5312-5322
2- Mixed Patterns between 5325-5338.
Nifty traded last more than 3 hours yesterday between 5312-5338 with lower levels supports and higher levels mixed patterns and Nifty is trading as well as preparing for next decisive moves within this range.
Today 1st hour trading range is- 5314-5334
Today 1st hour trading range(5314-5334) break out will be first signal and last more than 3 hours of yesterday trading range(5312-5338) break out will be confirmation of next decisive moves and trend.