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Post-open Outlook(21-02-2012)

As positive news is expected from Europe on Greece therefore volatility in Dow's futures and Asian markets and Indian markets are positive since opening today. Good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.

As good news is expected today therefore sustaining beyond 5546-5605 will be firstly watched because Nifty traded with higher levels selling and lower levels mixed patterns within this range last Friday and  this range break out will be next moves confirmation.