Indian markets are up today but when markets were near the lower levels then up moves possibilities were told in following lines yesterday in Pre-Closing Outlook(05-06-2012):-
Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.
Up moves were started on 04-06-2012 after double bottom supports and more than 3 hours good consolidation therefore Pull Back Rally continuation is expected after higher levels consolidations.
Detailed analysis with EOD chart has already been updated with EOD chart has already been updated yesterday in following topic:-
Bounce Back after Double Bottom Support
Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.
Up moves were started on 04-06-2012 after double bottom supports and more than 3 hours good consolidation therefore Pull Back Rally continuation is expected after higher levels consolidations.
Detailed analysis with EOD chart has already been updated with EOD chart has already been updated yesterday in following topic:-
Bounce Back after Double Bottom Support