Pre-Open Market Outlook(03-06-2010)
Nifty got good support between 4963-5000 yesterday and moved up. All the Asian markets are strong after US markets strong gains yesterday. Technically Indian markets are getting good support above 200-Day EMA and if US markets does not show any break down then strong rally is confirm in Indian markets.
Next resistance range is 5050-5090 and after sustaining above it next resistance range is 5160-5210. Long term and short term trends are up and intermediate term will be up after sustaining above 5213. It is very much expected that intermediate term will be up in the coming sessions.
Gap up opening today and after that next resistance range(5050-5090) will be tested. This range will be crossed now and Indian markets will close positive today. Rally in Indian markets is confirm now.
(Lalit Kumar Dhingra)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
