Following conclusive line was told yesterday in Technical Analysis and Market Outlook(25-06-2014)
As was told 100% same happened today and first 4 hours sideways quiet trading within 25 points range between 7564.05-6589.25 today. Selling patterns formation between 7580-7592 yesterday and today trading seen just below 7580 also but today trading patterns are not showing selling but consolidation indications from today intraday charts and emergenece of up moves possibility. Although now trading near the lower levels of the day but expected that Nifty will not sustain below today lowest(7564.05) and finally will rally above today highest(7592)
Consolidation in sideways quiet market is expected tomorrow
As was told 100% same happened today and first 4 hours sideways quiet trading within 25 points range between 7564.05-6589.25 today. Selling patterns formation between 7580-7592 yesterday and today trading seen just below 7580 also but today trading patterns are not showing selling but consolidation indications from today intraday charts and emergenece of up moves possibility. Although now trading near the lower levels of the day but expected that Nifty will not sustain below today lowest(7564.05) and finally will rally above today highest(7592)