ALL TREMDS ARE UP AND SHORT TERM CORRECTION WAS EXPECTED BUT AFTER PRSEEDENTIAL ADDRESS YESTERDAY INDIAN MARKETS RECOVERED AND CLOSED AT DAY'S HIGHEST LEVELS. INDIAN MARKETS ALMOST CROSSED STRONG RESISTANCE RANGE OF 4500-4620 AND NIFTY CLOSED YESTERDAY AT 4572.65. NOW IT IS EXPECTED THAT NIFTY WILL CROSS 4620 AND TRAVELLING TOWARD +4900 WILL START.
AFTER POSITIVE OPENING SOME VOLTALITY MAY BE SEEN BECAUSE SENTIMENT IS HEATED. NIFTY SUSTAINING ABOVE 4600 WILL MEAN CROSSING 4620,BEGINING OF FRESH UP MOVE AND GREEN CLOSING TODAY.
(LALIT KUMAR DHINGRA)
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