Following lines were told yesterday in Technical Analysis and Market Outlook(22-08-2014):-
1- Supports between 7856-7891
2- high possibility of slipping towards above mentioned supports range
3- Firstly sustaining beyond 7856 should be watched in the coming sessions.
Importance of supports at 7856 was told in both previous Outlooks and Nifty got supports just above it at 7862.45 after slipping from intraday higher levels.
1- Supports between 7856-7891
2- high possibility of slipping towards above mentioned supports range
3- Firstly sustaining beyond 7856 should be watched in the coming sessions.
Importance of supports at 7856 was told in both previous Outlooks and Nifty got supports just above it at 7862.45 after slipping from intraday higher levels.
Although lower levels some supports but higher levels selling was also seen today therefore firstly sustaining beyond above mentioned supports+today trading range(7856-7915) and should be watched.