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Mid-session Outlook-2(07-01-2014)

Last more than 3 hours 15 points range bound trading between 6146-6171. As today trading is within strong support range(6130-6180) therefore has become most crucial therefore valid break out of this range will decide next trend and should befirstly watched for:-

1- Above 6180 will mean rally beginning after last Thursday started correction completion.
2- Below 6130 will mean correction continuation towards 200-Day EMA(today at 5954)

As lower levels supports seen today therefore view view is not Bearish at this moment.