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1- Condolidation between- 5557-5575
Conclusions
Market consolidated whole day therefore following lines were told in Pre-closing Outlook(13-07-2011)
1-intraday patterns are showing consolidation today as well as possibility of sustaining above 5578 is higher also
2- confirmation is must through sustaining above 5578 or forceful up move above 5578 because global markets pressure is high nowadays.
Nifty tested 5500 yesterday due to crashing Global markets but Indian markets consolidated today and Nifty sustaining above 5628 will be next up moves strong indication and it is expected also after today whole day consolidations.