Post-open Outlook(11-07-2013)
Big irony that all Global financial markets crashed after FOMC meet on 19-06-2013 but all blasted today after the announcement of its minutes,it is beyond understanding that how the minutes of a meeting and its markets reactions can be so adverse of its decisions. Also surprising that no reaction of FOMC minutes on US markets yesterday and flat closing seen there but its Futures turned almost 1% up within 3 hours of US markets closing.
I would say it is only US generated global financial markets manipulations and traders should form trading policies to counter such highly manipulated situations also.
Certainly complete Global markets manipulations and now Nifty is trading within strong resistance range(5873-5969),firstly valid break out of this range should be watched for next trend confirmations.