Following lines were told yesterday in Technical Analysis and Market Outlook(07-03-2013):-
1- good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back.
2- As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range.
3- Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations.
Down moves were expected and Nifty is trading in Red since opening today with lowest formation at 5801.30. Valid break out of 5796-5828 should be firstly watched today for next trend confirmations.
1- good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back.
2- As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range.
3- Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations.
Down moves were expected and Nifty is trading in Red since opening today with lowest formation at 5801.30. Valid break out of 5796-5828 should be firstly watched today for next trend confirmations.