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Post-Open Outlook(18-11-2010)

Following lines were told in crashing like sentiments during last 2 days not today:-

1- People expectecting blood bath and immediate crash in Indian markets. I would like to add here that market never crash in such bearish sentiments but recover also.
2- minor pull back rally possibility is been seen after finding mixed trading signals within 5975-6010.
3-last 4 hours narrow movewithin 5975-6010.Positions are mixed and will be better to get confirmations from break out from the range.

Minor pull back is being seen and Nifty sustaining above 6010 today will be consolidation and very short term up move confirmation and mentioned up move expected also.