Although all trends are up but good intraday selling on 01-11-2013 therefore very Short Term correction within next 1/2 sessions was told which was seen immediately after opening today. As support also seen at 6248 today therefore sideways market will be seen between 6194-6330 and expected that Nifty will prepare for next decisive moves within this range and:-
1- Above 6330 will mean rally continuation after very Short Term correction completion within sideways market.
2- Below 6194 will mean deeper correction.
1- Above 6330 will mean rally continuation after very Short Term correction completion within sideways market.
2- Below 6194 will mean deeper correction.
Firstly sustaining beyond 6194-6330 should be watched now for next trend confirmations.