Firstly Watch 7462-7504 for next Very Short Term Trend beginning
Post-open Outlook(25-01-2016)
As all the Asian markets were trading in Green with .60% to 1.5% gains therefore sentiment was positive today morning and Nifty traded 51 points up in first minute after gap up opening today. Last 5 sessions trading range(7242-7462) broken out in first minute today but on the back of strong Global cues therefore its confirmation is required through sustaining above 7462.
Next resistances are above 7504 which have already been updated in previous Outlook also yesterday and Nifty has to consolidate completely for beginning of decisive up moves above it therefore will trade between 7462-7504 for next Very Short Term Trend preparation and firstly valid break out this range should be watched for its beginning.