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Pre-Closing Outlook(13-08-2013)

Strong rally in Global markets today through:-

1- Most Asian markets closing near the highest of  the day.
2- 4 Asian markets closing between 1.05% up to 2.57% up.
3- Dow's Futures is positive since opening and more than 60 points for the last 1 hour.
4- All rhe European markets are up from 0.41% to 0.85%

Sentiment boosted and resultant Indian markets participation in Global markets party today. Next resistances are as follows:-

1-5680-5720
2-5740-5765

Nifty is trading between 1st resistance range and sustaining above both above resistance ranges will be watched for reconsideration of Long Term trend through sustaining beyond 200-Day EMA(today at 5780)