Following line was told in Technical Analysis and Market Outlook(23-07-2014):-
Last resistances of Nifty are between 7756-7800 and closing within this range yesterday but more consolidations is firstly require for valid break out above 7800.
Following lines were told in Technical Analysis and Market Outlook(24-07-2014):-
1- more preparation(technical positions formation) is still required for any side decisive moves.
2- Expected that finally fresh rally will be seen above 7809 after follow up consolidation within and near about 7756-7800.
Last resistances of Nifty are between 7756-7800 and closing within this range yesterday but more consolidations is firstly require for valid break out above 7800.
Following lines were told in Technical Analysis and Market Outlook(24-07-2014):-
1- more preparation(technical positions formation) is still required for any side decisive moves.
2- Expected that finally fresh rally will be seen above 7809 after follow up consolidation within and near about 7756-7800.
Resistance range of 7756-7800 was updated more than 10 times in last 2 weeks and most time trading within this range with consolidation patterns formations 2 sessions(today and yesterday) therefore finally fresh rally is expected above 7800.