Pre-Open Market Outlook-2(13-10-2010)

Although Dow Jones closed flat yesterday but Asian markets are strong today morning therefore sentiment strong  and Nifty will trade first within 6090-6130 after positive opening. As minor support at lower levels after weaker IIP data yesterday therefore fresh selling patterns are must to break 6058. Good resistance within 6120-6140 also therefore Indian markets will prepare for next moves within mentioned range and final conclusions of next moves will be drawn accordingly. Intraday charts of first 3/4 hours will indicate for next moves preperations and conclusions will be posted accordingly.