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Mid-session Outlook-2(14-11-2013)

As good selling in previous week therefore market require complete consolidations for decisive up move above recent top at 6342.95. Long and Intermediate Term Trends are up and Short Term Trend is down. Good consolidation seen at lower levels yesterday and intraday charts of today are also showing consolidation patterns therefore expected that finally up moves will remain continued in the coming sessions after follow up consolidations. Although Nifty slipped 60 points higher levels but as such selling patterns not seen and until Nifty is sustaining above 5973 till then on going rally is very much safe.