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Pre-open Outlook(30-09-2011)


All the Asian markets are reacting US markets through flat to negative zone trading therefore Indian markets will also open in the same manner and will open weak. Strong surge yesterday and Indian markets will prepare for next moves today for next moves between 4970-5010. Indian markets are range bound for the last 36 sessions with good supports are lower levels and good resistances are at higher levels also therefore markets will have prepare for next moves between mentioned range.

Sustaining beyond mentioned range will be result of next moves preparation within 4970-5010 therefore should be watched first for next moves confirmations.