Pre-Open Market Outlook-2 (01-06-2010)
Dow's futures slipped more than 60 points therefore all Asian markets are trading in Red. US markets closed 1% down last Friday and today weak trading futures is giving caution signal. Indian markets will open weak and will trade and prepare for next move within last 2 days trading range 5020-5070. As global uncertainity was the major reason of previous correction therefore above mentioned last 2 days trading will give next move confirmation even after yeaterday break out and closing above.
5160 will be tested positively if Nifty crosses 5070 but after slipping global market signals next move preperation should be watched first within last 2 days trading range.
(Lalit Kumar Dhingra)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
