Indian markets are more than .75% up today but it was was projected in our both previous Outlooks and following lines were told:-
1- We told in Mid-session Outlook(24-12-2012):-"lower levels supports and emergence of consolidation patterns also therefore fresh up move hopes turned alive today"
2- Today at 08:09 AM in Technical Analysis and Research For 26-12-2012:-"Lower levels supports with intraday consolidation patterns therefore fresh up move hopes turned alive on 24-12-2012"
First resistance forcefully crossed after more than 8 hours consolidations but strong resistances between 5910-5965 therefore now more follow up consolidation is required for valid break out of 17 sessions range. Sustaining above 5965 should be firstly watched now for Sub Wave-5 of Wave-3 strong rally confirmations.
1- We told in Mid-session Outlook(24-12-2012):-"lower levels supports and emergence of consolidation patterns also therefore fresh up move hopes turned alive today"
2- Today at 08:09 AM in Technical Analysis and Research For 26-12-2012:-"Lower levels supports with intraday consolidation patterns therefore fresh up move hopes turned alive on 24-12-2012"
First resistance forcefully crossed after more than 8 hours consolidations but strong resistances between 5910-5965 therefore now more follow up consolidation is required for valid break out of 17 sessions range. Sustaining above 5965 should be firstly watched now for Sub Wave-5 of Wave-3 strong rally confirmations.