Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(19-09-2014)
1- some more follow up consolidation is still required within next resistance ranges(8090-8127 and 8140-8170) and
2- its valid break out above 8170 will mean fresh strong rally after Short Term Correction completion.
Above resistances were updated and more than 3 hours trading within mentioned resistances between 8106-8160 today and preparing for next decisive moves. As intraday patterns have not given any indication yet therefore coming hours trading patterns will be watched than then break out direction will be decided from intraday charts analysis and will be updated accordingly.
No guessing and never gossiping,whatsoever intraday,Daily,Weekly and Monthly charts suggests only that is updated. As valid break out of 8090-8170 will decide next big moves therefore should also be firstly watched for confirmations.
1- some more follow up consolidation is still required within next resistance ranges(8090-8127 and 8140-8170) and
2- its valid break out above 8170 will mean fresh strong rally after Short Term Correction completion.
Above resistances were updated and more than 3 hours trading within mentioned resistances between 8106-8160 today and preparing for next decisive moves. As intraday patterns have not given any indication yet therefore coming hours trading patterns will be watched than then break out direction will be decided from intraday charts analysis and will be updated accordingly.
No guessing and never gossiping,whatsoever intraday,Daily,Weekly and Monthly charts suggests only that is updated. As valid break out of 8090-8170 will decide next big moves therefore should also be firstly watched for confirmations.