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Pre-Open Market Outlook(22-11-2010)

US futures trading 50 points up but Asian markets are mixed today morning. Indian markets will react on 2G Spectrum issue in the coming couple of sessions and will be volatile also. It will also be decided in the coming couple of sessions that last Friday 5932 broken down was due to PM resignation rumour or genuine breaking down.

Settling down of 2G Spectrum issue and sustainability beyond 5932 will decide next Indian markets. All the levels and trend deciding factors have already been discussed in weekly.