When most Asian markets were strong and SGX Nifty was more than 50 points up then also we were not Bullish and following conclusive lines were posted today at 08:55 AM in Correction completion confirmation after sustaining above 5672
positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.
When most European markets were trading with good gains after strong opening then also we were not Bullish and told for next moves confirmation through sustaining beyond 5682-5702.
Again fast slipping below 5672 and closing again below it will mean 3rd consecutive closing below Long Term Trend decider 200 Day EMA(5672) and high risk of Indian markets moving into Bear Grip.
positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.
When most European markets were trading with good gains after strong opening then also we were not Bullish and told for next moves confirmation through sustaining beyond 5682-5702.
Again fast slipping below 5672 and closing again below it will mean 3rd consecutive closing below Long Term Trend decider 200 Day EMA(5672) and high risk of Indian markets moving into Bear Grip.