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Pre-Open Market Outlook(04-05-2011)

US futures is more than 50 points down today and resultant all the Asian markets are in deep Red today morning. Negative zone trading firstly expected after weak opening today and next supports are as follows;-

1- Gap support between 5529-5561
2- Intraday condolidation(support) 5496-5529

Expected that Nifty will get support within above mentioned supports. Voltality, minor pull back rally and flat to positive closing will be seen today.