Following lines were told on 23-05-2014 in Pre-closing Outlook(23-05-2014)
1- rally continuation is expected in the coming week
2- but follow up consolidation is must because
3- following 2 last resistances are just above today highest:-
1- Resistances between 7358-7432
2- Resistances between 7450-7563
Most heated sentiment on Modi's Govt oath taking day and whole day trading within above mentioned Resistances but selling/profit booking also seen within mentioned resistance ranges.
1- rally continuation is expected in the coming week
2- but follow up consolidation is must because
3- following 2 last resistances are just above today highest:-
1- Resistances between 7358-7432
2- Resistances between 7450-7563
Most heated sentiment on Modi's Govt oath taking day and whole day trading within above mentioned Resistances but selling/profit booking also seen within mentioned resistance ranges.
All trends are up but very Short Term Trend will be understood sideways between 7300-7504 and finally sustaining beyond this range should be watched for next immediate trend confirmation.