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Mid-session Outlook-2(20-09-2011)



Good selling was between 5100-5130 on 18-09-2011 and sustaining above 5130 will be first step toward any up move and market require complete consolidation for crossing and sustaining above 5130. As strong resistances between 5120-5220 therefore follow up consolidation is must for any decisive rally.

Although profit booking signals emerged between 5085-5095 today but good lower level buying also seen yesterday and today therefore firstly sustaining beyond 5085-5095 today will be next moves first strong indication and should be watched first of all today.