US markets positive closing after strong recovery in European markets yesterday therefore sentiment is positive today morning and Asian markets are mixed but Indian markets good gap up opening and now trading between next resistance range(5350-5380). Intermediate term trend is sideways for the last 26 sessions and will be up after sustaining above 5380 and crossing of 5400.
Indian markets are out performing Asian markets today but fresh consolidation is required for sustaining above next resistance range 5350-5380 and strong rally will be seen after sustaining above 5380 because in that situation all the trends will be up.
Firstly watch sustaining beyond 5350-5380 today for next big moves confirmations.
Indian markets are out performing Asian markets today but fresh consolidation is required for sustaining above next resistance range 5350-5380 and strong rally will be seen after sustaining above 5380 because in that situation all the trends will be up.
Firstly watch sustaining beyond 5350-5380 today for next big moves confirmations.