Importance of following 2 ranges was told in previous 3 Outlooks of yesterday and today:-
1- 7082-7131
2- 7082-7152
Today lowest is at 7082.55 and consolidation seen above 7082 today and yesterday,until Nifty will not sustain below 7082 till then next down moves will not be considered and valid break out above 7152 will mean fresh rally.
1- 7082-7131
2- 7082-7152
Today lowest is at 7082.55 and consolidation seen above 7082 today and yesterday,until Nifty will not sustain below 7082 till then next down moves will not be considered and valid break out above 7152 will mean fresh rally.
As consolidation above 7082 therefore fresh rally is expected above 7152.