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Pre-Closing Outlook(05-10-2011)


US Futures led huge intraday Volatility is latest feature in Indian markets. Dow's Futures recovered from 115 down and When 55 points down then resultant good recovery seen in Indian markets also and Nifty was 50 points up from today Mid-Session lower levels. As soon as we saw such fall we immediately updated in Mid-session Outlook-2 and also updated 4760 for geting down moves confirmations.

Nifty moved up and again down and now hovering around 4760. Global cues led highly volatile market today and sustaining beyond following two ranges will be next moves confirmations:-

1- 4760-4780(First indication)
2- 4740-4830(Final Confirmation)