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Pre-Closing Outlook(22-01-2013)

When Indian markets were trading near the higher levels today then we told following lines today in Mid-session Outlook:-

1- intraday charts are also selling patterns
2- selling signals in last more than 1 hour trading

Nifty traded at 6043 today and proved accuracy of our prediction yesterday in Short Term correction on Cards:-

1- Nifty will not sustain above 6068
2- will slip below 6048 in the coming sessions.
3- Short Term correction will be seen within 2/3 sessions.

Short Term correction is on and its continuation is expected.