Following line was told today in Mid-session Outlook(10-02-2015);-
Nifty slipped 90 points within 1 hour after moving below 8565 and again recovered more than 100 points after lowest formation at 8475
Delhi Elections results led high volatility today but selling formations yesterday and follow up selling also seen at higher levels today therefore until Nifty will not sustain above today highest(8640) till then decisive up moves will not be considered and correction will remain continued.
As selling between 8565-8605 yesterday therefore once slipping below 8565 will mean again sharp down
Delhi Elections results led high volatility today but selling formations yesterday and follow up selling also seen at higher levels today therefore until Nifty will not sustain above today highest(8640) till then decisive up moves will not be considered and correction will remain continued.