Although closed near the highest levels of the day on 12-09-2014 but we were not Bullish and told following lines at 3:28 PM in Pre-closing Outlook-2 on 12-09-2014:-
1- selling between 8087-8102 today and higher levels selling in previous sessions also
2- selling at higher levels also can not be ruled out in last half hour today
3- Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered
4- firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation
1- selling between 8087-8102 today and higher levels selling in previous sessions also
2- selling at higher levels also can not be ruled out in last half hour today
3- Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered
4- firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation
Nifty slipped below 8052 within first 5 minutes today and hovering it around for the last more than 2 hours. As some supports and consolidation also seen at lower levels today therefore sustaining beyond 8052 should be firstly watched today for the confirmation of deeper correction or its completion.