Technical Positions,today Outlook and next possibilities have already been posted in following topic with 1 Chart therefore not repeated today:-
"Weekly Outlook(May 23 to May 27,2011)"
Dow's Futures is more than 80 points down today and US markets closed weak last Friday therefore sentiment is depressed and all the Asian markets are in deep Red today morning. Indian markets are already range bound with strong support between 5402-5431 and good selling at higher levels also therefore weak opening and firstly trading between 5420-5460 expected.
Most of the time Red zone trading expected and Red closing may also be seen but intraday chart formation of today will decide coming sessions markets. Let Indian markets prepare then next moves will be decided according to today intraday charts patterns.