Pre-open Outlook(13-11-2015)
As intraday consolidation patterns formations on 10-11-2015 therefore a Bounce back was expected on "Diwali Muhurt session" which was seen also on but some up moves will not be seen today because all the Asian markets are in Red and some are 1% to 2% down after huge fall in all the US and European markets yesterday.
Such high depressing sentiments reaction will be gap down opening of Indian markets and on going correction continuation today , let fresh consolidation develop and Nifty to sustain above higher level resistances and crucial levels(have been updated in previous Outlooks) then its completion will be considered.