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Mid-session Outlook(28-04-2011)

Resistances near 5900 and support near 5700 and next moves preparation range is 5820-5829. Nifty consolidated between 5820-5829 in last 2 hours yesterday and again trading today within this range for the last 1 hour.

Move above 5850 will be consolidation confirmation between mentioned range and show the way toward 5900 and moving below 5820 will be distribution confirmarion between mentioned range and pave the way toward 5700.

Market is preparing,let it complete process and get next moves confirmations from mentioned levels break out.
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