Following conclusive lines were told today at 01:10 AM in previous Outlook:-
As follow up selling last Friday therefore firstly down moves are expected in the beginning of next week but next big moves will be seen after valid break out of 7924-8170 and should be firstly watched in next week.
Firstly Nifty slipped 55 points immediately after opening today and recovered after consolidations between 8065-8090. Immediate resistances are between 8124-9144 therefore following 2 ranges should be firstly watched now:-
1- 8065-8144(For next trend first 1st strong indication)
2- 7924-8170(For next big moves confirmations)
As follow up selling last Friday therefore firstly down moves are expected in the beginning of next week but next big moves will be seen after valid break out of 7924-8170 and should be firstly watched in next week.
Firstly Nifty slipped 55 points immediately after opening today and recovered after consolidations between 8065-8090. Immediate resistances are between 8124-9144 therefore following 2 ranges should be firstly watched now:-
1- 8065-8144(For next trend first 1st strong indication)
2- 7924-8170(For next big moves confirmations)
As Indian markets outperformed Global cues today therefore up sides break out possibility above 8144/8177 is more