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Pre-Open Market Outlook-2(19-11-2010)

US and European markets closed with good gains yesterday but Asian markets are not responding those gains and trading mixed today therefore sentiment is quiet today morning. Flat opening and firstly trading within 6090-6150 expected in changed sentiments. Next immediate move confirmation range is yesterday last 4 hours range(5950-6015). As consolidation signals were seen within this range yesterday therefore up moves from this range expected and fresh selling patterns required today to break it down.

As Asian markets are mixed therefore 6090-6150 will be next move confirmation range and intraday patterns within this range will give next move confirmations today. As yesterday last 4 hours consolidation patterns therefore up moves expected at this moment.