Out look for Friday

"As predicted, though markets oscillated between positive and negative entire day, could not clear and close above 20 DSMA which now stands at 14306 (Sensex) and 4225 (Nifty), is a clear sign of weakness. Both the supports 14150 (Sensex) and 4150 (Nifty) were breached intra day, though closed above at the end of the session. Markets making lower tops and lower bottoms is a further confirmation of negative trend in the immediate short term. Negative global cues and the discount on Nifty maintaining at 20 points indicate negative opening. It is clearly a sell on rallies market for today and next week too."

Lack of buying at higher levels rather than selling is making markets to fall steep at the opening, volatility shall be the order of the day for two more weeks as there are two strong camps, one believing in the corporate performance and economic fundamentals, the other playing on inflation worries, interest rate tightening and exchange rate movement.

The day's range for Nifty shall be 4100 (Support) and 4250 (Resistance); Sensex shall be 13950 (Support) and 14400 (Resistance)