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Pre-open Outlook(10-05-2011)

Asian markets are quiet therefore sentiment is calm today morning. Flat opening and firstly trading betwen 5500-5570 will be seen. Fresh consolidation expected between mentioned range and also expected that Nifty will finally move above 5570 and short term up moves will start in the coming couple of sessions.

For precaution and trend confirmation 5500-5570 break out should be watched.

Detailed analysis have been posted in following topics and not being repeated;-