Mid-session outlook(10-03-2011)
Gaddafi attack on oil infrastructure triggered global markets nevourness and all the Asian markets are .5% to 1.5% down today and Dow's futures trading is also more than 90 points down since morning today.
Just click following link for detailed news:-
"Qaddafi Strikes Oil Targets as Libya’s East-West Split Hardens"
http://www.bloomberg.com/news/2011-03-09/qaddafi-forces-strike-central-oil-ports-as-reward-posted-for-rebel-leader.html
Just watch Nifty sustaining below 5500 for fresh down moves because last 2 sessions consolidations betwen 5500-5530. If Nifty sustains below 4400 and slips below today low at 5468 then it will be down move confirmation.