Mid-session Outlook(11-07-2014)
As all the Global market were in deep Red therefore Indian markets also moved sharply down in last 2 hours yesterday and today also slipped since 09:30 AM. Today first 4 hours down moves are in "Bullish Falling Channel" and Bullish pattern of "Inverted Head and Shoulder" like formation also seen after 12:12 PM with its Neckline at 7533. Valid break out above 7533 will be confirmation of its formation and strong indication of on going Very Short Term correction completion also therefore should be firstly watched now.