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Pre-open Outlook(12-10-2011)


Almost flat Indian markets closing yesterday after loosing more than 1% intraday gains but INFY results may show decisive direction to Indian markets and will confirm the fate of 4 sessions old pull back rally.

Although good higher level selling yesterday and down moves possibilities today are equally strong but RIL and INFY Quarterly results had been Indian markets trend setters many times therefore should be firstly watched today. 

Dow's Futures is more than 60 points down today morning and all the Asian markets are also trading in Red therefore sentiment is weak. Indian markets may be volatile immediately after opening today and finally sustaining beyond 4968-4978 will be next moves confirmation.