Union Budget 2014-15 was expected to be passed today but Parliament adjourned till 11:00 AM on 30-07-2014 and continuously down moves seen towards next supports at 7720. As today down moves are showing Bullish Falling Channel and supports also seen between 7723-7733 therefore firstly sustaining beyond this range should be watched for correction continuation/completion.
Deeper correction is not expected and up moves are expected after follow up consolidation in the coming sessions.