Although strong rally in last hours yesterday but we were cautiously Bullish therefore following lines were told yesterday in Technical Analysis and Market Outlook(13-08-2014)
1- more than .90% rally in last hours but without required force
2- mixed Patterns formations also between 7655-7678 in first 5 hours
3- fresh follow up consolidation is firstly required tomorrow for next rally above today highest
4- Nifty will firstly trade and prepare for next trend between 7664-7773 in the coming sessions.
As was perceived same happened and sustaining beyond following levels will be firstly watched now for next immediate moves confirmations because both higher levels some selling and lower levels minor buying is also being seen today:-
1- 7696-7757
2- 7664-7773
1- more than .90% rally in last hours but without required force
2- mixed Patterns formations also between 7655-7678 in first 5 hours
3- fresh follow up consolidation is firstly required tomorrow for next rally above today highest
4- Nifty will firstly trade and prepare for next trend between 7664-7773 in the coming sessions.
As was perceived same happened and sustaining beyond following levels will be firstly watched now for next immediate moves confirmations because both higher levels some selling and lower levels minor buying is also being seen today:-
1- 7696-7757
2- 7664-7773