"Post-closing Report(27-04-2011) & Tomorrow Outlook"
Nifty traded between 5820-5850 in last 2 hours,got support and also closed within this range yesterday. Support between 5820-5829 was told at 01:52:00 PM yesterday and Nifty consolidated between this range and recovered after forming low at 5819.95 therefore this range is good support.
Sentiment is positive today morning after Green global markets and Indian markets got lower levels support yesterday therefore Nifty will open and firstly trade between 5845-5885 and prepare for next moves. More consolidation is required to cross next resistance range(5874-5912).
Technical reasons for bullish views have already been posted in previous outlooks and today follow up buying after yesterday lower levels support will pave the way of crossing 5912 and it is expected also.
Positive opening,most of the time trading between 5845-5885 and Green closing expected today.