Following lines were told at 02:05 PM today in Mid-session Outlook:-
1- last 3 hours trading between 6651-6671 with consolidation patterns formations therefore first signal of very Short Term correction completion
2- Although expecting up moves but Valid break out of mentioned range should also be watched for mentioned very short term correction completion/continuation
Following line was told yesterday in Technical Analysis,Research & Weekly Outlook(Apr 07 to Apr 11,2014)
sustaining beyond 6663 should be firstly watched in next couple of sessions for next Short Term Trend confirmation.
1- last 3 hours trading between 6651-6671 with consolidation patterns formations therefore first signal of very Short Term correction completion
2- Although expecting up moves but Valid break out of mentioned range should also be watched for mentioned very short term correction completion/continuation
Following line was told yesterday in Technical Analysis,Research & Weekly Outlook(Apr 07 to Apr 11,2014)
sustaining beyond 6663 should be firstly watched in next couple of sessions for next Short Term Trend confirmation.
As Nifty hovered around 6663 more than 3 hours when traded between 6651-6671 with consolidation patterns formations therefore moved up according to our expectations and now trading at 5997 therefore strong signal of today started up moves continuation in next trading session.