As selling between 8368-8415 in last 3 sessions therefore following line was told yesterday in Technical Analysis and Market Outlook(17-11-2014):-
All the Outlooks of last 3 sessions are live proofs of this fact that we are posting only Bearish views from 12-11-2014 and since then up moves were not seen and down moves are being seen today.
Last 8 sessions trading between 8290-8415 and Nifty is preparing for next decisive moves within this range. As both higher levels selling and lower levels buying patterns formations within this range therefore Nifty will remain sideways within this range and prepare for next trend.
correction is expected below 8368 in the coming sessions
As was told yesterday 100% same happened today and Nifty slipped below 8368 as well as today lowest formation at this moment is at 8349.10.
All the Outlooks of last 3 sessions are live proofs of this fact that we are posting only Bearish views from 12-11-2014 and since then up moves were not seen and down moves are being seen today.
Last 8 sessions trading between 8290-8415 and Nifty is preparing for next decisive moves within this range. As both higher levels selling and lower levels buying patterns formations within this range therefore Nifty will remain sideways within this range and prepare for next trend.
As some consolidation seen between 8349-8352 today therefore firstly this range should be watched for first signal of on going very Short Term Correction completion.