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Pre-closing Outlook(27-06-2011)

Today trading range is 5515-5552 and Nifty traded most of the time between 5515-5530. Intraday charts of today are mixed and suggesting for confirmations through sustaining beyond today range. Market has to consolidate between 5500-5600 for and upmove because it is strong resistance range.

Sustaining beyond 5500-5550 will give next move confirmation tomorrow.