Technical Analysis and Market Outlook
(14-02-2013)
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1- Selling between 5960-5969
2- Last more than 1 hour down moves in Bullish falling Channel
3- Whole day actual trading between 5925-5969
Conclusions from intra day chart analysis
Most time trading between previous resistance range(5930-5984) with fresh intraday selling between 5960-5969 and after that slipping in Bullish falling Channel therefore wait and watch policy despite closing near lower levels. As both lower levels consolidation between 5883-5900 on 13-02-2013 before higher levels selling today therefore Indian markets are not prepared for any side decisive moves and will firstly remain range bound betwen 5883-5984 and take positions for next decisive moves in the coming sessions and its valid break out will decide next trend.