Pre-open Outlook(30-04-2012)
1- Recovery from lower levels was seen on 28-04-2012 but without volume therefore more consolidation is required for any decisive up moves.
Following 2 topics were updated on 28-04-2012,just click following topic links and understand Indian markets:-
1- Rally above 5236 after more consolidations
2- Market at Key Supports Range
4 Days sideways narrow range trading within 81 points between 5155-5236 in previous week and that means big moves are being cooked between this range as well as blasting moves will be seen after its break out.As good selling at higher levels and strong supports seen at lower levels therefore Indian markets are not prepared for any side decisive break out and some more preparations are also required for any side decisive break out.
Firstly trading and preparation for next moves will be seen within 5155-5236 today.