ALL TRENDS ARE UP AND INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 5 SESSIONS WITHIN 4640-4710. NIFTY IS VOLATILE WITHIN THIS RANGE AND SHOWED GOOD SELLING FORMATIONS WITHIN THIS RANGE YESTERDAY THEREFORE DOWN SIDE BREAK OUT OF THIS RANGE WILL BE SEEN IN COMING SESSIONS.
ASIAN MARKETS ARE LITTLE POSITIVE THEREFORE AFTER FLAT TO POSITIVE OPENING NIFTY WILL TRADE FIRST WITHIN 4640-4700 AND WILL FINALLY MOVE BELOW 4640 EITHER TODAY OR IN THE COMING SESSIONS.
DOWN MOVES AND RED CLOSING WILL BE SEEN EITHER FROM TODAY OR FROM COMING SESSIONS AFTER GREEN OPENING TODAY.
(LALIT KUMAR DHINGRA)
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