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Mid-session Outlook(11-02-2014)

Firstly slipping after positive opening but lower levels intraday supports and consolidation between 6054-6065. As Consolidation and supports was seen within this range yesterday therefore its a sign of strength and sustaining above following levels will be strong signal of rally:-

1- 6064-6071(Selling between this range yesterday)
2- 6086-6097( Next Resistance range)

Again repeating that market takes its own complete time in the process of taking positions and once after its formation decisive up moves will start. As all financial markets are tend to react on news also therefore expected after finally rally will remain continued after follow up consolidations between 5934-6097 amid whatsoever news led sentiments.