We never posted bearish views despite weaker IIP data but also told following lines:-
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
Last 2 days range broken out after lower levels good consolidations therefore more up moves are expected and strong rally will be seen after sustaining above next resistance