Nifty-Intra Day Chart (01-Jan-2014):-
Although higher levels selling but down moves below 6300 were without required force and Bullish Falling Channel formation also seen in last 2 hours yesterday therefore we told following line in Mid-session Outlook-2(01-01-2014):-
"firstly sustaining beyond 6300 will be watched for immediate moves first indication"
Nifty traded last 7 sessions between 6274-6344 and now trading below 6344 after fast forceful up moves immediately after opening today. All trends are up,impulsive Wave-3 is on and Bull markets consolidate also at higher levels as well as it has happened after last 2 hours Bullish Falling Channel formation yesterday therefore expected that today started rally will remain continued above 6344 after higher levels consolidation.
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"firstly sustaining beyond 6300 will be watched for immediate moves first indication"
Nifty traded last 7 sessions between 6274-6344 and now trading below 6344 after fast forceful up moves immediately after opening today. All trends are up,impulsive Wave-3 is on and Bull markets consolidate also at higher levels as well as it has happened after last 2 hours Bullish Falling Channel formation yesterday therefore expected that today started rally will remain continued above 6344 after higher levels consolidation.