Following lines were today yesterday which proved 100% accurate today:-
"Whole day narrow range trading within 33 points but both consolidations and distribution patterns therefore more preparations is required for next decisive moves near about today trading range"
Nifty traded Whole day between 5213-5246 yesterday and today first 4 hours trading range is 5210- 5236.
Nifty is preparing for next decisive moves within 5200-5250 with both higher levels selling as well as lower levels buying seen within this range. Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA and all trends turning up confirmation is required through forceful break out or sustaining above 5250 for next up moves confirmations.
As lower levels sopports today therefore upward break out above 5250 possibilities are very much alive despite whole day negative zone trading today but firstly watch forceful break out or sustaining beyond 5200-5250 also for next trend confirmations.
"Whole day narrow range trading within 33 points but both consolidations and distribution patterns therefore more preparations is required for next decisive moves near about today trading range"
Nifty traded Whole day between 5213-5246 yesterday and today first 4 hours trading range is 5210- 5236.
Nifty is preparing for next decisive moves within 5200-5250 with both higher levels selling as well as lower levels buying seen within this range. Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA and all trends turning up confirmation is required through forceful break out or sustaining above 5250 for next up moves confirmations.
As lower levels sopports today therefore upward break out above 5250 possibilities are very much alive despite whole day negative zone trading today but firstly watch forceful break out or sustaining beyond 5200-5250 also for next trend confirmations.