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Pre-Open Market Outlook(29-04-2011)

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

Post-closing Report(28-04-2011) & Tomorrow Outlook


Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.

Nifty first expected range is 5750-5780 and exiected that nifty will move below 5750 and close in Red after weak opening.
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