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Mid-session Outlook-3(20-09-2011)


Dow Futures was 60 points down in the morning but recovered and 20 points up at this moment. All the European markets also moved up from lower levels today and now .75% to 1.75% positive at this moment.

Yesterday good support at lower levels and rally is continued because sentiment also improved today. Nifty is trading between strong resistance range(5100-5220) abd good consolidation is reqiuired within it for every rise.

Good selling was seen between 5100-5130 on 18-09-2011 and sustaining above 5130 will be first strong indication of up moves.