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Pre-Closing Outlook(23-11-2010)

Sentiment dampened due to Korean war news therefore intraday support at lower levels seen. As per my view there will be no impact on world from any type of Korean war. As sentiments are formed from news channels therefore people reacts and trade accordingly on such type of non-significant news.

Voltality is character of selling markets and that is being seen As well as technical positions reverses in today like huge voltality also. It will be better to watch 5932 for intermediate term trend confirmation and sustainability beyond 5975-6015 should be used for 100% confirmation of next moves.