Following lines were told yesterday in Technical Analysis and Market Outlook(11-06-2014):-
1- mixed patterns formations will be understood and next trend deciding range will be sustaining beyond 7587-7673 and expected that Nifty will firstly trade within or near about this range tomorrow.
2- Expected that finally fresh rally will be seen after follow up consolidations between 7500-7673 but some more consolidation is firstly required yet and sustaining beyond this range should bewatched tomorrow for next trend confirmations
1- mixed patterns formations will be understood and next trend deciding range will be sustaining beyond 7587-7673 and expected that Nifty will firstly trade within or near about this range tomorrow.
2- Expected that finally fresh rally will be seen after follow up consolidations between 7500-7673 but some more consolidation is firstly required yet and sustaining beyond this range should bewatched tomorrow for next trend confirmations
Nifty traded most time within mentioned ranges and could not sustain above 7673 as well as preparing for next trend. Although Nifty slipped more than 100 points from higher levels of today but inytaday charts of today are showing consolidation indications therefore expectations are alive for rally above today highest in the coming sessions.