Mid-session Outlook-2(09-05-2011)

Sharp declines immediately after opening today but bearish views were not never  posted and on the contrary cleatly told that  view is not Bearish and also told that intraday patterns are suggesting consolidations

My trading hours statements are as followd:-

Following line was told at 10:02:00 AM today:-

trading in Red since opening today but view is not Bearish.

Following line was told at 10:41:00 AM today:-

Steep fall today low is at 5502. View will be bearish below 5500

Following line was told at 12:50:00 PM today:-

Nifty is trading in Red for the last 3 hours but intraday patterns are suggesting consolidations

Sharp recovery and Nifty is more that quarter pct up at this moment and Nifty is above 5560 and if sustains then upside break out confirmations.