Following lines were told yesterday in Technical Analysis and Market Outlook(19-02-2013)
1- emergence of more down moves possibilities.
2- Previous 2 sessions trading between 5854-5911 with lower levels consolidations and higher levels selling therefore firstly trading will be seen between this range tomorrow
Most time negative zone trading within above mentioned range in first 4 hours trading with more than quarter pct down moves and have proved accuracy of our above predictions.
Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formarion also therefore policy of wait and watch for confirmations.
Let some more confirmatory signals develop then will be updated accordingly and at present view is not Bearish despite slipping from higher levels.
1- emergence of more down moves possibilities.
2- Previous 2 sessions trading between 5854-5911 with lower levels consolidations and higher levels selling therefore firstly trading will be seen between this range tomorrow
Most time negative zone trading within above mentioned range in first 4 hours trading with more than quarter pct down moves and have proved accuracy of our above predictions.
Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formarion also therefore policy of wait and watch for confirmations.
Let some more confirmatory signals develop then will be updated accordingly and at present view is not Bearish despite slipping from higher levels.
Valid break out of 5854-5911 should be firstly watched for next moves confirmations.