Wednesday, August 4, 2010

stock market MID SESSION OUTLOOK

5400-5445 break out will be rucial for Indian market because support and resistnce are within this range. consolidation patterns within 5405-5420 on 02-08-2010 and distribution patterns within 5435-5445 on 03-08-2010. Break out of mentioned range(5400-5445) will give one sided move to Indian markets.

Sentiment is depresed since morning today but Indian markets not showed required weakness today therefore view is cautious.

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