Following lines were told yesterday in Technical Analysis and Market Outlook(14-08-2014)
As consolidation was also today therefore rally continuation hopes are still alive after follow up consolidation because following immediate resistances are lying just above today highest:-
1- Resistance between 7773-7791
2- Resistance between 7811-7835
As consolidation was also today therefore rally continuation hopes are still alive after follow up consolidation because following immediate resistances are lying just above today highest:-
1- Resistance between 7773-7791
2- Resistance between 7811-7835
Nifty crossed first resistance range but today rally is slow and lacking required force therefore sustaining above 7835 with follow up consolidation is firstly required on next Monday for valid break out confirmation of 7840.