Trend

All trends are up. Daily and Weekly charts are showing correction signals but intraday charts are not showing required selling patterns to suggest for begining of correction. Crucial trading ranges to decide next moves are as follows:-
Good consolidations between(strong supports):- 1- 5265-5275,2- 5240-5250,3- 5195-5225
Last and only resistance:- 5355-5387
Mixed intraday charts formations(on 09-04-2010.):- 5335-5377
Next expected trading range:- 5335-5387(sustaining beyond will give next trend confirmations)
5335-5387 is next trading range and sustaining beyond will give next move confirmations. All trends are up and Strong supports at lower levels. sustaining above 5387 will mean strong upmove after completing previous week very short term correction. complete selling patterns are required for breaking down 5335 and if fresh selling develops in the coming sessions only then 5335 will be broken down.
Firstly trading between 5335-5387 will be seen. Indian markets are not prepared for any side decisive move therefore will trade within and prepare for next moves. breaking and sustaining beyond will give next move confirmation.