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Pre-Closing Outlook(03-10-2011)

Range bound markets between 4823.90-4879.15 after gap down opening today. As Nifty moved below 4835 therefore gap of 27-09-2011 has been filled up today and gap support has been terminated. Intraday patterns are suggesting consolidations therefore up moves hopes from today levels is alive despite depressing Global cues led deep Red closing today.

US and European cues led global cues led violent voltality nowadays therefore cautious approach is required. Follow up consolidation tomorrow and moves above today range(4880) will be next upmoves confirmations therefore will be watched first for next short term up moves confirmations.