As Indian markets consolidated also at lower levels in last 2 sessions therefore we did not posted Bearish views despite ECB negative news led crashing Global markets today. We told only for getting confirmations through sustaining beyond 5200-5250 and Nifty did not sustained below 5200 and now trading at 5207 despite most depressing news.
As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive and final confirmation is expected in next week.
As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive and final confirmation is expected in next week.