Nifty traded most time between 5639-5733 in last 30 sessions but once this range was broken down after RBI Credit Policy on 30-10-2012 and today broken out after Obama victory in US Predential Elections.
As sentiment and trading positions reverses sharply after news based Broken out/down therefore its confirmation is must through sustaining beyond and its filters have already been updated yesterday in following topic:-
Technical Analysis and Market Outlook(07-11-2012)
Firstly get confirmations and then expect next trend accordingly.
As sentiment and trading positions reverses sharply after news based Broken out/down therefore its confirmation is must through sustaining beyond and its filters have already been updated yesterday in following topic:-
Technical Analysis and Market Outlook(07-11-2012)
Firstly get confirmations and then expect next trend accordingly.