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Mid-session Outlook(09-05-2014)

Following conclusions were updated in last 16 Outlooks:-

1- finally Rally/up moves will be seen in the coming sessions.
2- Nifty will not sustain below 6651 
3- correction completion possibility is still alive within sideways market between 6651-6861.

As was repeated again and again in last 1 week same happened today and strong 187 points rally seen today. Now Nifty is trading within last resistance range(6840-6857) and expected that Nifty will cross it and today started rally will remain continued in the coming sessions.