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Pre-closing outlook(28-02-2011)


Post Budget killing voltality and Nifty traded within mentioned resistance range(5460-5520) and retraced from 5477. Following lines were told for mentioned resistance range:-

1- 5460-5520(Strong resistance and Trend Decider)

Budget is positive but market moves on its own technicals. Today markets is ruled by huge voltality and next trend will be decided by sustaining beyond and for this following lines were told in Pre-open outlook today and repeating it after market today:-

"Voltality may be high and next trend confirmation range of post Budget big move is 5235-5520"