Following lines were told yesterday in Technical Analysis,Research & Weekly Outlook(Aug 12 to Aug 16,2013):-
1-indicators are oversold therefore Pull Back Rally/Short Term up moves possibility can not be ruled out. As some supports were also seen at lower levels in last 2 sessions of previous week therefore its possibility is still alive.
2-valid break out of last 2 sessions trading range(5486-5577) should be firstly watched in next week for next Short Term Trend trend confirmations
1-indicators are oversold therefore Pull Back Rally/Short Term up moves possibility can not be ruled out. As some supports were also seen at lower levels in last 2 sessions of previous week therefore its possibility is still alive.
2-valid break out of last 2 sessions trading range(5486-5577) should be firstly watched in next week for next Short Term Trend trend confirmations
Pull Back Rally continuation after valid break out above 5577 and sustaining beyond next resistance range(5680-5720) will be watched now for its completion/continuation.