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Pre-Open Market Outlook(04-03-2011)

Bullish signals were clearly explained through posted EOD chart yesterday and Indian markets closed positive despite high voltality due to Libyan uncertainities yesterday and will rally today also. Indian markets have already been welcomed Budget 2011-12 through huge gains last Monday. crude rates hike fear has also minimised after Gaddafi acceptange to Arab League peace plan and all the global markets are showing strong rally today.

Nifty closed above 5520 yesterday and sustaining above is confirmation of intermediate term trend turning up and clearing of a strong resistance also. 200-Day EMA(today at 5602) testing expected now,sustaining above will be strong rally confirmation and it is expected as well.

Sustaining above 5590 today will be strong signal of strong rally begining in Indian markets after gap up opening and it is expected also. Green closing expected after whole day positive zone trading.
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