Following 2 mixed developments today:-
1 Although Business News Channel told continuously for Diesel and LPG price hike today but finally no discussion on Fuel price hike in Cabinet meeting today.
2- Higher levels selling but Bullish Falling Channel formation also in today intraday charts.
As technical positions changes sharply in today like contradictory news led markets therefore Nifty again slipped below most crucial and next up trend deciding level(5965) today and closing it beyond today will be next trend confirmation also.
As last 3 sessions news led volatile markets and tomorrow INFY 3rd Quarter financial results as well as IIP numbers announcement also therefore high volatile markets. Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.
1 Although Business News Channel told continuously for Diesel and LPG price hike today but finally no discussion on Fuel price hike in Cabinet meeting today.
2- Higher levels selling but Bullish Falling Channel formation also in today intraday charts.
As technical positions changes sharply in today like contradictory news led markets therefore Nifty again slipped below most crucial and next up trend deciding level(5965) today and closing it beyond today will be next trend confirmation also.
As last 3 sessions news led volatile markets and tomorrow INFY 3rd Quarter financial results as well as IIP numbers announcement also therefore high volatile markets. Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.