Post-open Outlook(14-01-2013)
As last Friday down moves and closing below most crucial and next trend deciding 5965 was due to negative news of Heavy Firing on LOC and tension escalation with Pakistan therefore following line was told in previous Outlook yesterday:-
closing below 5965 was due to most sensitive negative news of tension mounting on LOC therefore sustaining below 5965 should also be firstly watched.
As some Asian markets are trading with good gains therefore positive opening in Indian markets and If Nifty sustains above 5965 then market reentering into last 8 sessions sideways trading range(5950-6026) and finally sustaining below 5965 will mean correction beginning after Sub Wave-5 completion at 6042.15 on 07-01-2013.