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Mid-session Outlook(02-04-2013)

Rally continuation after lower levels consolidations today and today up moves were also supported by US Futures surge after 12:00PM as well as Positive European markets opening. As whole up move is without force and with Bearish Rising Wedge formations therefore higher levels consolidation is also required and volatility may be seen as well.

Following line was told in Wave 5 formation towards next target above 6111.80 on 31-03-2013 which proved 100% accurate today:- 

minimum Pull Back Rally will be seen in Short term.

Rally continuation is expected after some more higher levels consolidations.