When all around negative news flow then following lines were told yesterday in Mid-session Outlook-2:-
As market ignored all most depressing news and recovered from lower levels after getting supports therefore until complete selling patterns will not develop till then next down moves will not be considered.
When US markets were in deep Red then following lines were told yesterday in Technical Analysis and Market Outlook:-
Certainly Indian markets out performed and intraday patterns are showing above mentioned 1 to 3 positive formations therefore Pull Back Rally/Short Term up moves hopes turned alive today and we are seeing its high possibility also.
High possibility of Pull Back Rally/Short Term up moves was told and Nifty is more than 0.75% up today as well as up moves continuation is expected and once sustaining above 5561 will mean strong up moves.
As market ignored all most depressing news and recovered from lower levels after getting supports therefore until complete selling patterns will not develop till then next down moves will not be considered.
When US markets were in deep Red then following lines were told yesterday in Technical Analysis and Market Outlook:-
Certainly Indian markets out performed and intraday patterns are showing above mentioned 1 to 3 positive formations therefore Pull Back Rally/Short Term up moves hopes turned alive today and we are seeing its high possibility also.
High possibility of Pull Back Rally/Short Term up moves was told and Nifty is more than 0.75% up today as well as up moves continuation is expected and once sustaining above 5561 will mean strong up moves.