We always try to post only realistic views and telling only for getting confirmations through forceful break out or sustaining beyond 5200-5250 and Nifty is closing between this range for the last 3 sessions. When US and European markets were trading in deep Red yesterday then also we told following lines at 07:27:00 PM yesterday:-
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.
As Indian markets got good support at lower levels and today intraday charts are showing consolidation formations also therefore finally sustaining above 5250 possibility has increased today despite Red closing after whole day negative zone trading today.
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.
As Indian markets got good support at lower levels and today intraday charts are showing consolidation formations also therefore finally sustaining above 5250 possibility has increased today despite Red closing after whole day negative zone trading today.