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Pre-Open Market Outlook(20-04-2011)

Today Rally Possibility,Technical Positions and today Outlook have already been posted in following topic with 1 Chart yesterday therefore not repeated today:-

Post-closing Report(19-04-2011) & Tomorrow Outlook
                        
Following Chart was posted in Weekly Outlook(18-04-2011 to 21-04-2011) anb in that chart Wave-5 Sub Waves were shown:-

1- Wave-5 Sub Waves Chart;-
Just click on chart for its enlarged view
Corrective Sub Wave-F started on 06-04-2011 from 5644 and its completion strong signals yesterday after intra day support at 38.2%(5716) retracemnt level and corrective wave'C' 100% correction of Wave 'A' at 5716 yesterday.

Wave-5 Sub Waves complete structure is as follows:-

1- Sub Wave-E fast 596 points gains in 13 sessions
2- Corrective Sub Wave-F started on 06-04-2011
3- Corrective Sub Wave-F corrected in 'ABC'corrective waves.
4- 'C' completed 100% correction of Wave 'A' at 5716 on 19-04-2011.
5- Corrective Sub Wave-F has completed 38.2%(5716)  correction on 19-04-2011.
6- Correction completion strong and Sub Wave-G begining signals yesterday.

Wave-5 Sub Waves Chart:-
Just click on chart for its enlarged view
Consolidation between 5695-5735 yesterday and sustaining above 5762 is rally confirmation. Global cues are good today morning,Indian markets will open positive and Nifty will first trade between 5770-5800. Continuation of upmoves and positive closing expected today.
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