Previous Outlook was posted in the light of more than 1% down US markets but US markets recovered and closed flat therefore sentiment maintained and all the Asian markets are positive today morning resultant Green opening in Indian markets.
Nifty traded most time between 5888-5917 and moved down sharply in last half hour yesterday,Nifty is trading between 5890-5904 today. Although strong opening today but good selling between 5904-5917 yesterday therefore market require consolidation today for decisive rally above 5917.
Although good opening today and next up moves also can not be ruled out but firstly sustaining beyond 5904-5917 should be watched for next moves confirmations.
Nifty traded most time between 5888-5917 and moved down sharply in last half hour yesterday,Nifty is trading between 5890-5904 today. Although strong opening today but good selling between 5904-5917 yesterday therefore market require consolidation today for decisive rally above 5917.
Although good opening today and next up moves also can not be ruled out but firstly sustaining beyond 5904-5917 should be watched for next moves confirmations.