Although all the Asian were sufficiently down and SGX Nifty was also trading more than 60 points weak but Indian markets were not prepared for any side decisive moves therefore Nifty recovered strongly after formation of lowest at 5822.90. Following conclusive lines were told yesterday in previous Outlook and should be kept in mind:-
Let market prepare for next trend within mentioned range then will be updated according to intraday charts formations.
Expected that Nifty will firstly trade and prepare for next decisive moves near about 5917-5924 and sustaining beyond this range should be firstly watched in the coming sessions for Long Term Trend confirmations.
Let market prepare for next trend within mentioned range then will be updated according to intraday charts formations.