All the Outlooks on Home Page of this Blog are live proofs are of this fact that we projected only and only Bullish views in all the Outlooks of whole previous week and Nifty moved up more than 3% since the beginning of previous week.
Next resistances are as follows:-
1- 7690-7731
2- 7756-7800
Nifty is trading between 1st resistance range since opening today and resistances are up to 7800 as well therefore fresh consolidation is firstly required for next rally. Follow up moves with sustaining beyond 7690-7800 will be next big trend confirmation and should be firstly watched now.
Let market trade and react in mentioned resistance range then next trend will be updated according to intraday charts formations completion in coming hours. As is now some profit booking seen in first hour today.
Next resistances are as follows:-
1- 7690-7731
2- 7756-7800
Nifty is trading between 1st resistance range since opening today and resistances are up to 7800 as well therefore fresh consolidation is firstly required for next rally. Follow up moves with sustaining beyond 7690-7800 will be next big trend confirmation and should be firstly watched now.
Let market trade and react in mentioned resistance range then next trend will be updated according to intraday charts formations completion in coming hours. As is now some profit booking seen in first hour today.