We posted only bearish views and Indian markets slipped also from higher levels even after good Credit Policy from RBI and above expectations results from ICICI Bank today but down moves are not sharp and maintaining the status of sideways mode within 6000-6100.
Following line was told yesterday at 09:38 AM in Post-open Outlook(30-01-2013):-
Nifty will trade most time between 6033-6068 and prepare for next moves today"
As was told same happened and Nifty trade most time between 6033-6068 and 2 sessions trading ranges are as follows:-
1- Nifty traded between 6044.15-6071.95 yesterday.
2- Nifty traded between 6,034.90-6,058.05 today(more than 5 hours).
Confirm selling at higher levels today but intraday down moves are without force therefore next support range(6000-6033) break out will be firstly watched tomorrow.
Following line was told yesterday at 09:38 AM in Post-open Outlook(30-01-2013):-
Nifty will trade most time between 6033-6068 and prepare for next moves today"
As was told same happened and Nifty trade most time between 6033-6068 and 2 sessions trading ranges are as follows:-
1- Nifty traded between 6044.15-6071.95 yesterday.
2- Nifty traded between 6,034.90-6,058.05 today(more than 5 hours).
Confirm selling at higher levels today but intraday down moves are without force therefore next support range(6000-6033) break out will be firstly watched tomorrow.