INDIAN MARKETS KEPT THE HOPE ALIVE YESTERDAY WITH GOOD RECOVERY.SOME STOCKS ALSO SHOWED BUYING FORMATIONS THEREFORE UPMOVE HOPES ARE ALIVE.MARKET IS DIRECTLESS FOR THE LAST 5 MONTHS DUE TO RANGE BOUND MOVE AND WANT TO DECIDE ITS DIRECTION.INDIAN MARKETS ARE AT THE HIGHER LEVEL OF LAST 5 MONTHS RANGE AFTER 24 TH MARCH SELLING SOME BUYING DEVELOPED YESTERDAY.INDIAN MARKETS TRADED WHOLE DAY WITHIN THE RANGE OF 24 TH MARCH RANGE (2920-3010) AND WILL ALSO OPEN AND FIRST TRADE TODAY WITHIN THIS RANGE TODAY AS WELL AS BREAK OUT OF THIS RANGE WILL DECIDE THE NEXT BIG TREND OF INDIAN MARKETS.AFTER LAST 2 DAYS MIXED FORMATION IN INTRADAY CHARTS NEXT COUPLE OF DAYS INTRADAY CHARTS WILL DECIDE FINAL DIRECTION.AS MAARKET IS NOT TECHNICALLY RIPED FOR ANY SIDE BREAK OUT THEREFORE IT WILL BE BETTER TO WAIT FOR BREAK OUT(2920-3010).
AS MOST OF THE GLOBAL MARKETS ARE LITTLE POSITIVE SENTIMENT IS MODERATE TODAY MORNING AND INDIAN MARKETS WILL OPEN LITTLE POSITIVE AND FIRST TRADE WITHIN THE RANGE OF 2920-3010 AND I AM EXPECTING MOST OF THE WILL REMAIN WITHIN THIS RANGE.I AM EXPECTING FINAL BREAK OUT OF THIS RANGE EITHER IN THE LAST ONE HOUR TODAY OR TOMORROW ACCORDING TO PREPERATIONS TODAY.ONLY TODAY INTRADAY CHARTS WILL DECIDE FINAL BREAK OUT OF THIS RANGE.
AFTER LITTLE POSITIVE OPENING AND TRADING ABOVE 3000 FIRST THREE HOURS INTRADAY CHARTS WILL DECIDE FINAL DIRECTION OF INDIAN MARKETS.
(LALIT KUMAR DHINGRA)
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