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Mid-session Outlook(29-07-2011)


Dow's Futures is trading more than 60 points down and all the European markets Futures are also more than 1% negative. All the Asian markets are also trading in Red but Indian markets out performed all the Global markets and trading positive within yesterday trading range(5475-5510).

As soon as Indian markets showed some strength then it was updated immediately after opening and again repeating that firstly sustaining beyond yesterday trading range should be watched for next moves confirmatins. As higher levels selling and lower levels buying was seen between mentioned range yesterday and Indian markets showed strength immediately after opening today therefore next moves confirmations through sustaining beyond yesterday trading range is must.

Sustaining below 5475 will be confirmation of that move which has been updated today in No Support in 154 Points Zone