When Nifty was trading at 6638 then at 01:35 PM then following line was told today in Mid-session Outlook-2:-
All trends are up and rally continuation as well as correction is due but until complete selling will not develop till then correction will not be seen. Some selling was seen yesterday and again some selling also seen today but high volatility today. As technical positions reverses amid such volatility therefore fresh positions formation is firstly required and let it happen then final view will be updated.
last 2 hours intraday charts are showing selling patterns formations
As selling therefore Nifty could not sustain at and higher levels and slipped,just now traded at 6625.
All trends are up and rally continuation as well as correction is due but until complete selling will not develop till then correction will not be seen. Some selling was seen yesterday and again some selling also seen today but high volatility today. As technical positions reverses amid such volatility therefore fresh positions formation is firstly required and let it happen then final view will be updated.