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Pre-closing Outlook(19-05-2011)

As consolidation yesterday therefore bounce back was expected today and Nifty traded most of the time in Green area also but selling seen in 5424-5434 today and until Nifty will not sustain above 5434 till then up move will not be considered. As selling seen today therefore down moves will also be possible.

Next move confirmation range is 5400-5447.
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