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Mid-session Outlook-2(21-05-2014)

More than 12 hours trading between 7246-7287 with consolidation indications in this week and this range broken down but when Nifty was trading below 7246 then following guidance was posted in previous Outlook today:-

1- without required force therefore sustaining below 7246 is must
2- today intraday patterns are showing consolidation indications therefore up moves hopes are still alive after follow up consolidation in the coming sessions.

Now Nifty is trading above 7246 after more than 40 points recovery from lower levels and sustaining it beyond should be firstly watched now for next immediate trend confirmation.
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