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Pre-Closing Outlook(09-10-2012)

Nifty slipped below 5707 but got minor supports also at lower levels between 5678-5685 and again trading near about 5707 . As intraday charts are showing selling formations also between 5718-5728 therefore firstly sustaining above 5678 and then 5728/5733 is must for next up moves.

Whole day sideways trading between 5678-5728 today with both minor selling at higher levels and lower levels supports also. As both intraday trading positions within this range therefore Nifty will firstly trade and prepare for next moves within this range tomorrow,sustaining beyond this range will be strong indication of correction continuation or completion.