Recovery expected in late hours - market outlook for 19 Oct - By Mansukh

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Recovery expected in late hours - market outlook for 19 Oct - By Mansukh Powered By Docstoc
					
				
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Description: As expected domestic indices opened on a weak note on the back of weak global cues though recovery in late hours may act as a sought of relief for day traders. For today’s session 5980 will be the key support zone where we might see some consolidation. Moreover we believe Q2FY11earnings sessions will act as a trend decider in the upcoming sessions and any positive outcome may leap indices towards its previous highs of 6357 in a short span of time. On the flip side any negative inflows from global as well as domestic front will shattered the current euphoria however traders may use 5900 as an opportunity top re-enter.