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Post-open Outlook-2(22-06-2011)

When US markets were surging after strong European markets closing then range(5275-5320) was given in Mid night for watching and Nifty traded most of the time today within mentioned range today. When Nifty was trading near highs then also Weakness was told in Post-open Outlook and Indian markets slipped from higher levels also.

Last 2 days intraday selling between 5275-5320 and today trading within this range today.Nifty sustaining below this range will mean again sharp fall.