Mid-session outlook-2(08-03-2011)
All the global markets are positive today and Dow's futures is also trading 55 points up after decline in Crude price and some amicable solutions indications from Libya. Nifty traded most time within 5500-5525 since opening today and preparing for next decisive moves within this range. Break out of mentioned range will give strong signals next very short term trend therefore should be watched first.
Next Immediate move deciding range is 5500-5525 and its break out should be watched.