Mid-Session Outlook(01-06-2010)

Dow's futures was trading more than 60 points down and resultant all Asian markets were down. As weakness suspected in Indian markets therefore Pre-Open Market Outlook was revised today morning. Dow's futures slipped again and now trading more than 130 points down therefore weakness deepened in Indian markets despite bullish technical development yesterday. All the global markets are reacting European uncertainities and seems that until things will not settle till than sharp voltality will be seen. If Nifty get support at 4860 or above in melting global markets then recovery in Indian markets can be expected. Indian markets slipping and long positions should be considered only after strong supports getting signals at or above 4860.