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Mid-session Outlook(26-08-2014)

Supports between 7856-7891 was updated yesterday in previous Outlook and this support is most crucial because Inverted Head and Shoulders Bullish pattern formation(its Neckline is at 7891) was seen within this range on 21-08-2014. Just click following link and understand above mentioned Bullish pattern formation structure:-


Nifty is trading within above mentioned supports(7856-7891) for the last 1 hour and finally sustaining beyond this range should be watched for:-

1- Deeper correction confirmation below 7856
2- Yesterday started correction completion above 7891
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