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Mid-session Outlook(22-09-2014)

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 Indian markets outperformed Global cues today therefore up sides break out possibility above 8144/8177 is more