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Pre-Closing Outlook(27-05-2013)

Following lines were told today at 08:49:00 AM:-

strong signals of impulsive Wave-B commencement and following levels should also be watched for its completion after confirmations of sustaining above 5935:-

1- 38.2%- 6047
2- 50.0%- 6117
3- 61.8%- 6143

Fresh selling near about above levels will mean strong possibility of corrective Wave-C toward new bottom below 5935. 

Impulsive Wave-B continuation as per expectations today and completion of 38.2% retracement as well. corrective Wave-C possibility is still alive for down moves below 5935 and above mentioned both 50.0%(6117) and 61.8%(6143) should be firstly watched tomorrow.  

Let fresh selling develop near about above levels tomorrow then corrective Wave-C toward new bottom below 5935 will be considered.