Correction continuation from 08-09-2014 with recent bottom formations at 7842 on 26-09-2014 as well as last 4 sessions sideways market between 7842-8030. As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions therefore continuous down moves after gap down opening today.
Although whole day down moves today and negative zone trading since opening as well but today intraday patterns are showing consolidation formations. As whole day Bullish Falling Channel pattern formation was seen on 01-10-2014 also therefore finally up moves are expected in this week despite Nifty is now trading 57 points down.
Although whole day down moves today and negative zone trading since opening as well but today intraday patterns are showing consolidation formations. As whole day Bullish Falling Channel pattern formation was seen on 01-10-2014 also therefore finally up moves are expected in this week despite Nifty is now trading 57 points down.