Mid-session Outlook(24-01-2012)
Sentiment glittered after RBI cutting CRR by 50 BPS and all the Indices surged. As today opening was positive and traded at higher levels therefore we told at 09:50:00 AM for confirmation through sustaining beyond 5058.
Rally is very much on and Nifty tested 200-Day EMA(5130) today, sustaining above it will be strong indication of all trends turning up as well as more up moves.