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Mid-session outlook-2(24-02-2011)


Following lines were told in Pre-open outlook today:-

slipping possibility is also high therefore supports will be watched:-

1- 5410-5415(minor support,its breaking down and moves below 5400 expected)
2- 5310-5340(Gap on 14-02-2011)

Above mentioned supports are not strong and will be blown over after any negative mood after Budget and slipping below 5310 will mean testing possibility of 5177.

Today low at this moment is 5307.40. No bottom fishing and any buying should be done after complete complete consolidation confirmation. Testing possibility of 5177 is high and Nifty may dip below it also.
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