Global cues are weak and Nifty is trading below 5700 since opening today. Indian markets are technically poised for pull back rally but voltality is possible due to weaker global cues and RBI credit policy uncertainity. Decisive moves are expected after credit policy announcements and sustainability beyond 5700 will be confirmation.
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Post-open Outlook(03-05-2011)
Global cues are weak and Nifty is trading below 5700 since opening today. Indian markets are technically poised for pull back rally but voltality is possible due to weaker global cues and RBI credit policy uncertainity. Decisive moves are expected after credit policy announcements and sustainability beyond 5700 will be confirmation.