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Pre-closing outlook(11-02-2011)

Following conclusive Bullish lines were told in today outlooks:-

1- Pre-open outlook- "Sustaining above 5220 and positive closing expected today"

2- Mid-session outlook(When Nifty was below 5200)- "As support seen near 5200 yesterday therefore it has to be ascertained today that today move below 5200 is genuine down move or IIP data negative news impact only"

3- Mid-session outlook-2(When Nifty noved above 5200)- "As no clear distribution pattern in last 4 months EOD charts therefore 1st Jan 2011 bullish markets hopes are still alive despite all negative developments"

Although Nifty moved below 5200 sharply but doubts expressed on that down moves and again and again whole day told for that rally which was seen despite depressing IIP data.
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