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Mid-session outlook-2(17-02-2011)


5520 crossing projected 4 times in Following lines in last 3 days:-

1-Pre-Open Market Outlook(15-02-2011)- "finally rally expected after clearing 5520"

2-Mid-session outlook-2(15-02-2011)- "5520 crossing expected within couple of sessions"

3-Post-open outlook(16-02-2011)"technically poised to cross 5520 and its happening expected within couple of sessions"

4- Pre-Open Market Outlook(17-02-2011)-" finally crossing 5520 expected in couple of sessions"

Nifty trading at 5549 at present. As strong resistance crossing confirmations therefore now intermediate term trend will be up above 5556 and Nifty will counter 200-Day EMA and strong resistance range(5640-5780) in next week.
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