Indian markets traded strong after gap up opening but A.Raja arrest news spearheaded bulls in last half hour and Indian markets closed with minor gains yesterday. Lot of uncertainity due to Raja arrest and Egypt internal problems therefore first of all 5460 will be watched because that will give 100% confirmation that Wave-3 trendline is survived or not. All crociaal supports have broken dowm and only 5460 is left as well as Nifty is hovering around for the last 3 sessions.
Inflation data today therefore some amount of voltality will also be possible. As per my view sustaining beyond 5460 should be watched today because news based voltality is high and intraday charts are also showing mixd formations.
Reasons for next bullish market view have been posted in previous outlooks and expecting rally in the coming weeks after sustaining above 5460.