Following lines were told at 07:26 AM on 05-05-2014 in Technical Analysis,Research & Weekly Outlook(May 05 to May 09,2014)
Correction is on and coming week may be full of Parliamentary Election news flow therefore some volatility can not be ruled out and Nifty may slip also below 20 sessions lowest (6651) but deeper correction will be considered after forcefully breaking down or sustaining below 6651
Following lines were told at 12:29 AM on 07-05-2014 in Technical Analysis and Market Outlook(07-05-2014)
As US markets are .65% to 1.10% down at this moment and such weaker closing may result weakening of Asian markets but sustaining below 6651 is not expected and finally Rally/up moves are expected.
Correction is on and coming week may be full of Parliamentary Election news flow therefore some volatility can not be ruled out and Nifty may slip also below 20 sessions lowest (6651) but deeper correction will be considered after forcefully breaking down or sustaining below 6651
Following lines were told at 12:29 AM on 07-05-2014 in Technical Analysis and Market Outlook(07-05-2014)
As US markets are .65% to 1.10% down at this moment and such weaker closing may result weakening of Asian markets but sustaining below 6651 is not expected and finally Rally/up moves are expected.
As was suspected same happened and Nifty slipped below 6651 but today intraday patterns are showing consolidation patterns formation and last 4 sessions also showed consolidation patterns therefore finally Rally/up moves are expected in the coming sessions.