Nifty is trading above 5236 today and for this move following was told in "Rally above 5236 after more consolidations" on 28-04-2012:-
As lower levels good supports seen therefore expected that finally strong rally above 5236 will be seen after some more consolidations in the coming session
As good selling was seen below 5236 in previous week therefore more consolidations are required for sustaining above it and Nifty is trading just above 5236 since opening today. Finally strong rally above 5236 has already been projected on 28-04-2012 and only last formality of sustaining above 5236 is left before the beginning of strong rally.
As lower levels good supports seen therefore expected that finally strong rally above 5236 will be seen after some more consolidations in the coming session
As good selling was seen below 5236 in previous week therefore more consolidations are required for sustaining above it and Nifty is trading just above 5236 since opening today. Finally strong rally above 5236 has already been projected on 28-04-2012 and only last formality of sustaining above 5236 is left before the beginning of strong rally.