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Mid-session Outlook(23-12-2011)

Dow's Futures is more than 50 points up and most of the Asian markets were also 1% to 2% up therefore Indian markets opened gap up but slipped into Red immediately after opening today and trading with minor gains  despite strong Global cues. As this intraday move was expected therefore it was told also in following topic yesterday:-

Continuation of Rally after Consolidation and Minor Intraday Correction

Minor intraday correction has already been seen immediately after opening today. As no clear patterns developed yet therefore today trading range forceful break out and sustaining beyond will be next very short term moves confirmation.