Although Nifty moved up forcefully above 8102 and new high formation at 8111 also but we were cautious because selling between 8087-8102 today and higher levels selling in previous sessions also therefore we told following line in previous Outlook:-
Nifty slipped below 8102 today and selling at higher levels also can not be ruled out in last half hour today. Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered and firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation.
sustaining above 8102/8127/8170 is must in next week
Nifty slipped below 8102 today and selling at higher levels also can not be ruled out in last half hour today. Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered and firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation.