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Mid-session Outlook(16-05-2012)

Nowadays complete manipulation through US futures. Yesterday Indian markets surged from intraday lower levels on the back of Dow'Futures more than 90 points up moves during Indian markets trading time but Dow Jones closed 63.35 down yesterday.

Indian markets complete reaction on Dow'Futures was updated yesterday in Pre-Closing Outlook(15-05-2012)  

Intraday selling was done yesterday through manipulated up moves in Us Futures and today gap down after most depressed global cues. All trends are down and all the patterns,strong supports and crucial levels have been broken down in on going correction.

Intraday trading within 4838-4881 with falling channel formation and its upward break out also seen today. Although falling channel and its upward break out is Bullish formations but sustaining above today trading range is must for Pull Back rally confirmations.