US AND INDIAN MARKETS CLOSED POSITIVE YESTERDAY BUT ONE THING IS COMMON IN THE INTRADAY CHARTS OF BOTH MARKETS THAT THEY ARE INDICATING SELLING AT HIGHER LEVELS.MANY INDIAN STOCKS INTRADAY CHARTS ARE ALSO SHOWING SELLING PATTERNS.IT IS CONFIRM THAT CORRECTION OF MARCH PULL BACK RALLY IS VERY MUCH ON AND INDIAN MARKETS WILL TRADE WITHIN 5 MONTHS RANGE FOR SOME MORE TIME.
AS GLOBAL CUES ARE POSITIVE THEREFORE INDIAN MARKETS WILL OPEN IN GREEN AND WILL TRADE FIRST WITHIN YESTERDAY TRADING RANGE(2982-3054).IT IS EXPECTED THAT FRESH DOWN MOVE WILL START EITHER TODAY OR TOMORROW.
(LALIT KUMAR DHINGRA)
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