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Pre-Open Market Outlook(01-04-2011)

Technical Positions and today Outlook and next possibilities have already been discussed in following topic yesterday  therefore not being repeated today:-

"Post-closing Report(31-03-2011) & Tomorrow Outlook"

Global markets are calm therefore flat opening is expected. Nifty got good support between 5780-5800 therefore slipping below this range not expected. 5700-5900 is resistance range therefore consolidation required between this range and yesterday 94 points intra day fall from day's higher levels was a part of this process.

Whole day trading between yeterday range(5778-5872) expected and Nifty will not slip below 5778 and levels above 5900 will be seen between 2/3 sessions.