ALL TRENDS ARE UP AND INDIAN MARKETS ARE TRADING WITHIN THE RESISTANCE RANGE OF 4500-4620 AND NIFTY TRADED YESTERDAY WITHIN THE RANGE OF 4480-4540. YESTERDAY INTRADAY CHARTS OF MANY STOCKS ARE SHOWING SELLING PATTERNS BUT US AND EUROPEAN MARKETS CLOSED WITH HANDSOME GAINS YESTERDAY AND ALL THE ASIAN MARKETS ARE TRADING POSITIVE THEREFORE INDIAN MARKETS WILL OPEN FLAT TO GREEN BUT IT HAS TO BE WATCHED THAT NIFTY IS SUATAINING ABOVE YESTERDAY RANGE(4480-4540) OR NOT. AS YESTERDAY INTRADAY CHARTS OF MANY STOCKS ARE SHOWING SELLING PATTERNS THEREFORE IF NIFTY DOES NOT SUSTAIN ABOVE YESTERDAY RANGE TODAY THEN A SHORT TERM CORRECTION WILL BE SEEN.
AFTER FLAT TO GREEN OPENING IF NIFTY DOES NOT SUSTAIN ABOVE YESTERDAY RANGE THEN SHORT TERM CORRECTION AND RED CLOSING IS WILL BE SEEEN TODAY.
(LALIT KUMAR DHINGRA)
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