Technical Positions,today Outlook and next possibilities have already been explained in following topic in the Blog yesterday therefore not being repeated today:-
1- Technical Analysis,Researches & Market Outlook(21-07-2011)
2- Nifty-Micro Analysis of Intra Day Chart For 21-07-2011
Nifty is volatile between little broader range of 5500-5650 for the last 7 sessions therefore next decisive moves confirmation will be sustaining beyond this range,as good support at lower levels and strong resistance at higher levels also therefore its break out not expected today.
Asian markets are little weak today morning after US markets Red closing yesterday therefore sentiment is subdued and Nifty will first trade and prepare for next moves between 5530-5580 after flat to negative opening and :-
1- 5530-5580 break out will be next moves first indication.
2- 5500-5650 break out will be next trend strong confirmation.