Nifty is now trading at 6180 but when was trading at 5125 then following lines were told at 01:17 PM in previous Outlook:-
1- intraday patterns of today are showing consolidation formations
2- expected that rally will remain continued in the coming sessions and in next week after on going very short term correction completion.
As all the Global markets turned in deep Red and Dow's Futures also moved 85 points down therefore sentiment was depressed and resultant Indian markets also slipped. Intraday patterns were showing consolidation formations therefore expectations of rally continuation after on going very short term correction completion was told and same view is being repeated now.
1- intraday patterns of today are showing consolidation formations
2- expected that rally will remain continued in the coming sessions and in next week after on going very short term correction completion.
As all the Global markets turned in deep Red and Dow's Futures also moved 85 points down therefore sentiment was depressed and resultant Indian markets also slipped. Intraday patterns were showing consolidation formations therefore expectations of rally continuation after on going very short term correction completion was told and same view is being repeated now.