Following line was told in Pre-closing Outlook on 02-05-2014:-
As was told same happened and most time positive zone trading today despite depressed sentiment due to weaker Asian markets today morning. It means out performance by Indian markets and signal of strength also after last 2 sessions good consolidation. Good selling at higher levels in the beginning of last week and lot of consolidation is required for fresh rally which will take its own complete time.
Although Nifty is going to close flat after whole day down moves but rally will be seen in next week.
As was told same happened and most time positive zone trading today despite depressed sentiment due to weaker Asian markets today morning. It means out performance by Indian markets and signal of strength also after last 2 sessions good consolidation. Good selling at higher levels in the beginning of last week and lot of consolidation is required for fresh rally which will take its own complete time.
Certainly up moves expectation are alive after correction completion within last 20 sessions range and next decisive moves first signal will be valid break out of 6685-6786.