Pre-Open Market Outlook-2(08-12-2010)

US markets lost all intraday good gains after Federal Reserve chairman Ben Bernanke's pessimistic comments about the nation's economy and closed flat therefore sentiment completely depressed and most Asian markets are Red today morning. Indian markets will trade within yesterday range first after negative opening today. Indian markets got good support at lower levels yesterday and technically up move signals are visible also but yesterday trading range(5945-5990) should be kept in mind for next up move confirmations.