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Mid-session outlook-2(22-02-2011)


Dow's Futures trading 133 points down and Asian markets closed with 1% to 2.6% loss. European markets also trading from .63% to 1.5% down after yesterday sharp fall. Although Indian markets outperforming at this moment with less than 1.5% down trading but sentiment is completely depressed due to global markets crashing like situation.

Today candle will be bearish Harami after Engulfing Bearish candle last Friday. Today trading range 5450-5515 and sustaining below it will mean neutralising the impact of yesterday base formation and moves below 5400 will be seen.