Post-open Outlook(20-07-2015)
Following lines were told on 18-07-20`5 in "Finally Rally towards and above 8882/9119.20 after 6 Bullish confirmation":-
signals of some down moves and possibility of day's lowest can not be ruled out in the beginning of next week
As was told 100% same happened and Nifty slipped below last Friday lowest(8593.15) within first 10 minutes and today lowest at this moment is at 8570.85.
Following lines were also told in above mentioned topic,just keep in mind:-
1- some consolidations and lower levels supports were also seen therefore sustaining below days's lowest after follow up selling is must for next decisive down moves.
2- Short Term Indicators have turned overbought as well as some selling patterns were also seen on last Friday intraday charts therefore very Short Term correction possibility can not be ruled out in the beginning of next week.
3- Parliament session will begin from next Monday and that may be stormy also, negative news flow from there may remain continued as well as many Quarterly results will also be declared in next week therefore volatility may remain high in next week.