Post-open Outlook(05-10-2015)
Dow Jones closed 200 points up and most of the Global markets also closed with sufficient gains last Friday as well as all the Asian markets were in Green and some were more than 1.5% up today therefore sentiment boosted and strong opening of Indian markets and more than 1% up today.
As selling was seen on 01-10-2015 therefore some down moves were expected but strong Global cues led rally was seen in Indian markets also today. 3 Resistance ranges were updated in previous Outlook and now Nifty is trading within 2nd resistance range. As some consolidation was seen today and some times Bullish markets consolidate at higher levels also therefore firstly valid break out of 2nd resistance range(8032-8055) should be watched for 1st signal of next decisive moves because most time trading within this range in first hour today.