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Pre-Closing Outlook(15-10-2012)

All trends are up were up after 600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 and its side ways correction is being seen for the last 6 sessions between 5640-5733 with higher levels selling and lower levels supports.

Minor up moves seen after intraday supports at lower levels today and Nifty is trading between 5674-5691 for the last 2 hours with intraday consolidation patterns therefore expected that today started up moves will remain continued tomorrow but decisive rally after on going correction completion will get confirmation after sustaining above 5733/5756.