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Pre-closing Outlook(22-06-2011)

Range of 5275-532 was given at 12:42:00 AM  today and Nifty traded most of the time between this range and also closing within it. As consolidation seen therefore following line was also told in Mid-session Outlook2

As today intraday trading patterns are showing consolidations therefore view will not be bearish until Nifty will not sustain below 5270

Nifty could not sustain below 5270 today.

Intra day Patterns are mixed today.