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Pre-open Outlook(14-10-2011)

Almost all the Asian markets are in Red today morning therefore sentiment is little weak and expected that Indian markets will first trade near the lower levels of yesterday after flat to negative opening today.

Firstly trading expected between 5050-5100 and follow up buying/selling will decide next decisive moves today. sustaining below 5050 will be deeper correction confirmation as well as sustaining above 5100 will be first indication of up moves and confirmation will be moving above 5135.

As Good selling yesterday therefore firstly weakness expected today and above mentioned levels break out will be confirmation of today market preparation and next moves of Indian markets.