Mid-session outlook(01-03-2011)
Market is volatile immediately after IIP data announcemets. As data is positive therefore little up move seen immediately after declaration. Nifty recovered and formed the high at 5502.70 but slipped to 5469.00 also.
Market is volatile and immediate moves final conclusions should be drawn after sustaining beyond of 5470-5500 because it will be markets final judgement of its reaction on all positive and negative news.