Although last 2 sessions closing above 7700 but we told for the possibility of slipping below 7700 in all 3 previous Outlooks and Nifty slipped below it sharply as well as today lowest formation at 7661.60.
As sentiment was heated and and some selling was also seen yesterday therefore intraday correction below 7700 was expected and it was updated again and again. Very Short Term correction beginning and 1st signal of its completion through panic bottom formation as well as inverted Head and Shoulder pattern formation in last 45 Minutes,its Neckline is at 7688 and once sustaining above it will mean fresh rally after today started very Short Term correction completion.
As sentiment was heated and and some selling was also seen yesterday therefore intraday correction below 7700 was expected and it was updated again and again. Very Short Term correction beginning and 1st signal of its completion through panic bottom formation as well as inverted Head and Shoulder pattern formation in last 45 Minutes,its Neckline is at 7688 and once sustaining above it will mean fresh rally after today started very Short Term correction completion.