ALL TRENDS ARE UP NOW AND NIFTY TRADED WHOLE DAY YESTERDAY WITHIN THE RANGE OF 4640-4680. SOME SELLING PATTERNS DEVELOPED YESTERDAY IN INTRADAY CHARTS THEREFORE CONSOLIDATION REQUIRED FOR CROSSING YESTERDAY TRADING RANGE. AS ALL TRENDS ARE UP AND RALLY IS STRONGEST EVER THEREFORE ANY TYPE OF CORRECTION IS NOT POSSIBLE FROM SELLING PATTERNS OF ONLY ONE DAY INTRADAY CHARTS THEREFORE NIFTY WILL OPEN IN YESTERDAY TRADING RANGE(4640-4680) AND WILL TRADE FIRST WITHIN THAT RANGE AND CONSOLIDATE FOR NEXT UPMOVE. IF FOLLOW UP SELLING DOES NOT COME TODAY THEN ON GOING UPMOVE WILL REMAIN CONTINUED AND INDIAN MARKETS WILL COLSE IN GREEN TODAY.
(LALIT KUMAR DHINGRA)
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