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Mid-session Outlook-2 (24-05-2012)

Intra day high formation at 4907.85 today but sustaining above 4890 should be firstly watched because it is the top of next 1st Resistance(4870-4890)

Market has seen worst between 4789-4890 in last 9 sessions and sustaining above 4890 will be strong indication of minimum a Pull Back Rally.

Nifty is hovering around 4890 for the last one hour and firstly watch sustaining it beyond for next trend confirmations. As selling markets remains highly volatile therefore this confirmation is must for any up move confirmations.