Pre-Closing Outlook(31-05-2013)

DEAD BULL

Following line was told many times last 4/5 days

strong resistances are lying between 6130-6180

Nifty could not close above 5930 and sharply down today. As such down moves were understood therefore it was updated in both previous Outlooks and repeating follow line from Mid-session Outlook(31-05-2013) for next expected moves:-

Wave-C beginning toward lower levels below Wave-A(5936.80)