Following lines were told yesterday in Technical Analysis and Market Outlook(07-02-2014)
Nifty traded most time between mentioned immediate resistance range(6059-6074) after gap up strong opening and slipped below it also but sustaining beyond this range should be firstly watched now. Market will take its complete time for any sustained rally above 6100 because of following 2 resistances:-
1- Resistance range(6059-6074)
2- Resistance range(6086-6097)
Today started rally continuation is expected in the coming sessions and correction completion strong indication will be after sustaining above next immediate resistance range(6059-6074)
Nifty traded most time between mentioned immediate resistance range(6059-6074) after gap up strong opening and slipped below it also but sustaining beyond this range should be firstly watched now. Market will take its complete time for any sustained rally above 6100 because of following 2 resistances:-
1- Resistance range(6059-6074)
2- Resistance range(6086-6097)