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Mid-session Outlook(25-10-2012)

As US Futures are trading with sufficient gains therefore sentiment improved and most Asian markets are positive. Indian markets also in Green today morning but good resistances above 5700 and until Nifty will not sustaining above 5721/6733 till then any up move will not be considered.

Nifty is preparing for next big trend for the last 21 Sessions with most time trading between 5639-5733,both strong supports at lower levels and good selling at higher levels. Sustaining beyond above mentioned range will be next moves confirmation and has to watch.

Let final break out confirmation come from intraday charts final formations then will be immediately updated.