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Mid-Session Outlook(11-11-2010)

I told in Pre-Open Outlook that:-

"Breaking down of 6245 expected after getting selling confirmations from last 3 sessions intraday charts"

6245 broken and Nifty recovered after forming the bottom at 6237. Although good selling in last 3 days but today intraday patterns are not showing genuine selling formations despite down move according to expectations. It has to be kept in mond that all trends are bullish and market is prepare only for very short term correction which may be completed after some consolidations and today intraday patterns are indicating consolidations patterns also.

Sustaining beyond 6245 will be considered for next immediate move confirmations. As and when I shall get confirmations then will convey accordingly.
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