2 Supports just below today Lowest
Mid-session Outlook-2(30-01-2015)
Firstly 176 points sharp fall from intraday higher levels in first 2 and half hours and after that sideways market today. Intraday correction is being seen today and Nifty is trading between 8820-8855 for last 2 hours which is near the lower levels of last 4 sessions. Next supports just below today lowest are as follows:-
1- Supports between 8796-8815
2- Gap support between 8775-8795
Firstly sustaining beyond 8775-8855 should be watched now for:-
1- Intraday/Very Short Term Correction completion above 8855
2- Short Term Correction continuation below 8775
As good consolidation between 8862-8893 yesterday therefore expected that Nifty will not easily sustain below 8862 as well as will get supports near about above mentioned 2 supports. Today intraday charts have also not shown as such good selling therefore expected that today started correction will complete within next 2/3 sessions.