When Indian markets were in Red and trading near lower levels then following lines were told in Mid-session Outlook(19-02-2013):-
1- Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formation also
2- at present view is not Bearish despite slipping from higher levels.
1- Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formation also
2- at present view is not Bearish despite slipping from higher levels.
As higher levels were selling was seen in previous 2 sessions therefore sustaining above 5911 will be next up trend confirmation and its possibility turned higher also.