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Pre-Closing Outlook(29-09-2011)

As soon as Indian markets got support at lower levels then it was immediately immediately informed at 12:03:00 PM  in Mid-session Outlook today and following line was told:-

1- Clear supports near 4907 in last 2 sessions and again support at same level today
2- next decisive moves confirmation range is 4905-4982

Last 3 sessions trading range crossed by force after getting good supports therefore up moves expectations are higher now. Next resistance range is between 5020-5060 and sustaining above this range will be pull back rally strong indication.