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Mid-session Outlook(18-10-2013)

As Dow Jones recovered more than 100 points from lower levels and closed flat yesterday therefore sentiment improved and most Asian markets were in Green,resultant Indian markets are trading positive since opening as well as crossed all the resistances,now trading at the top of on going rally. 

Wave-3 continuation after 4 sessions correction completion therefore following lines are being repeated which were told in Technical Analysis and Market Outlook(17-10-2013):-

It should be kept in mind that once valid break out above 6156 will mean high possibility of new all time high formation and we are expecting it on 18-10-2013 or in next week.