Following lines were told yesterday in Technical Analysis and Market Outlook(24-12-2013):-
1- Indian markets are not prepared for any side decisive moves and
2- will firstly prepared for next trend between 6230-6380 in the coming sessions for next huge moves.
As was told same happened and markets traded and preparing for next decisive moves within mentioned range since opening today. Although Nifty slipped from higher levels but not showing as such selling patterns and is a signal of consolidation as well. Now sustaining beyond following ranges should be watched:-
1- 6230-6380(For first strong indications of next trend)
2- 6130-6380(For the confirmations of next trend)
1- Indian markets are not prepared for any side decisive moves and
2- will firstly prepared for next trend between 6230-6380 in the coming sessions for next huge moves.
As was told same happened and markets traded and preparing for next decisive moves within mentioned range since opening today. Although Nifty slipped from higher levels but not showing as such selling patterns and is a signal of consolidation as well. Now sustaining beyond following ranges should be watched:-
1- 6230-6380(For first strong indications of next trend)
2- 6130-6380(For the confirmations of next trend)