Mid-session Outlook(24-02-2012)
Following line was told yesterday which proved 100% accurate today after more than .85% down moves today:-
"more down moves possibilities have turned higher"
Just click following topic link and verify our above projection:-
Correction is on & Bulls Watching Next Supports
Following first support was yesterday in above topic:-
1- 5428-5461(Gap Support)
Nifty is trading within above support for the last 2 hours after forming low at 5428.05. Minor intraday support pattern seen at lower levels today but lot of consolidation and base formation is reuqired for completion of correction. As minor support within mentioned Gap Support therefore sustaining beyond this range will be firstly watched today for next very short term move confirmation.