Mid-session Outlook(11-09-2014)

Short Term Correction possibility was told in all 3 previous Outlooks and it is being seen today. Next most crucial supports are between 8052-8080 and Nifty is trading within this range for the last 1 hours,it should be strictly kept in mind that sustaining beyond this range will mean:-

1- Much deeper correction below 8052.
2- Fresh up moves after Short Term Correction completion above 8080.