Following projection were done yesterday in Technical Analysis and Market Outlook(29-11-2013):-
1- impulsive Wave-3 continuation after correction completion.
2- fast up moves towards next strong resistance(6186-6212)
3- Once sustaining above 6212 will mean rally continuation towards recent top at 6342.95
1- impulsive Wave-3 continuation after correction completion.
2- fast up moves towards next strong resistance(6186-6212)
3- Once sustaining above 6212 will mean rally continuation towards recent top at 6342.95
Recent top formation at 6182.40 today after fast up moves immediately after opening and firstly more consolidation is required now because strong resistance(6186-6212) are just above today highest. Only sustaining above 6212 should be watched for fast rally and new all time high formation in next week/weeks.