Although most depressed Global markets sentiments since today morning but Indian markets showed strength and consolidated at lower levels as well as got good supports. Rally is on and its continuation is expected after higher levels consolidation. As such up moves were expected therefore firstly we covered our Puts and told following lines in previous Outlook today at 10:20 AM:-
1- until fresh selling patterns will not develop till then any correction will not be considered
2- some times Bull markets consolidate at higher levels within sideways moves also.
1- until fresh selling patterns will not develop till then any correction will not be considered
2- some times Bull markets consolidate at higher levels within sideways moves also.