PRE-OPEN MARKET OUTLOOK(13-03-2009)
INDIAN MARKETS CLOSED IN GREEN AT LOWEER LEVEL OF THE INTRADAY TRADING RANGE AFTER RANGE BOUND(2600-2645) TRADING YESTERDAY.AS SELLING WAS OBSERVED AT HIGHER LEVEL YESTERDAY THEREFORE CONSOLIDATION REQUIRES FOR SUSTAINING ABOVE YESTERDAY LEVEL BUT AFTER US MARKETS STRONG RALLY ALL GLOBAL MARKETS ARE BLASTING AND INDIAN MARKETS WILL OPEN GAP UP TODAY AND WILL ALSO CLOSE IN GREEN TODAY AS WELL AS TRADE ABOVE YESTERDAY RANGE TODAY.ALL THESE MOVEMENTS WILL BE IN REACTION OF STRONG GLOBAL CUES BUT UPTRED WILL CONFIRM AFTER SUSTAINING ABOVE FOLLOWING 2 RESISTANCE RANGES.;-
1- 2660-2680
2- 2675-2710
AFTER EXTREMELY STRONG GLOBAL MARKETS INDIAN MARKETS WILL OPEN AND CLOSE IN GREEN TODAY BUT THIS FACT MUST BE KEPT IN MIND THAT AFTER 10K FII SELLING IN 2009 AND THIRD FRONT COMING INTO POWER POSSIBILITIES INDIAN MARKETS WILL NOT BE ABLE TO MOVE UP TOO MUCH AND AFTER PACIFYING GLOBAL CUES INDIAN MARKETS WILL MOVE DOWN IN NEXT WEEK.
Saturday, March 14, 2009
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