When Nifty was trading at 4920 at 12:40 PM today then following lines were told in Mid-session Outlook-2:-
1-intraday supports above 4900
2-bounce back may be seen
3-for cutting of general public stop losses.
As was told 100% same happened and:-
1- Nifty sustained above 4900.
2- Bounce back seen and Nifty made intraday top at 4976.25
3- Nifty again slipped to 4925 after cutting general public stop losses
Although intraday support above 4900 today but lot of technical requirements now for sustained up moves and follow up buying/selling in next week will decide the fate of 4900 supports survival.
1-intraday supports above 4900
2-bounce back may be seen
3-for cutting of general public stop losses.
As was told 100% same happened and:-
1- Nifty sustained above 4900.
2- Bounce back seen and Nifty made intraday top at 4976.25
3- Nifty again slipped to 4925 after cutting general public stop losses
Although intraday support above 4900 today but lot of technical requirements now for sustained up moves and follow up buying/selling in next week will decide the fate of 4900 supports survival.