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1- Selling between 5700-5720
2- Support between 5675-5688
3- Whole day actual trading between 5675-5720
Conclusions from intra day chart analysis
Following Outlook was updated in both previous intraday Outlooks yesterday:-
As lower levels supports and higher levels selling patterns indications therefore view is watchful today and valid break out of today trading range(5675-5720) will give next Short term move confirmations.
Pre-open Outlook(02-04-2013)
Asian markets are mixed today morning after negative closing in US markets yesterday therefore sentiment is quiet but it seems that selling was more than buying yesterday therefore expected that Nifty will firstly trade within yesterday trading range after little weaker opening.
Although slipping below 5675 can not be ruled out but follow up moves and finally sustaining beyond 5675-5720 will be next Short Term Trend confirmation therefore should be firstly watched today.