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Post-open Outlook(02-11-2012)

US markets witnessed good up moves yesterday after recovering from 'Sandy hurricane' and equally Asian markets responded with strong rally today morning. Indian markets also welcomed global rally with good gap up opening and now trading at almost those levels from where crashed after RBI Credit Policy on 30-10-2012.

Confirmation of reentering into previous 24 sessions sideways trading range(5639-5733) and Nifty is trading just below next strong resistance range(5700-5733). Let follow up technical positions develop then next moves within and beyond sideways trading range will be understood as well as updated.