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Pre-Closing Outlook(26-09-2011)

Global cues led volatile market today.Dow's Futures was 45 points up in the morning but slipped and was more than 40 points down,surged and was 93 points up also. All the European markets started straight recovery immediately after opening and Indian markets also retraced on their track.

Intraday support at lower levels but upmoves were slow and selling seen at higher levels. Nifty moved below last friday trading range lows(4832) but retraced and traded above more than one hour. All trends are already down and today intraday patterns are also showing selling at higher levels therefore some more weakness is expected.