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Pre-open Outlook(17-06-2011)

All the Asian markets are trading in Red today morning therefore sentiment is weak and firstly negative zone trading between 5375-5410 after weak opening expected today. Strong supports below 5400 and in the same manner strong resistances above 5480 therefore Indian markets will prepare for next moves within 5375-5410 and sustaining beyond this range will be next moves first indication. Quiet range bound market expected today and mentioned range will be watched first for next moves confirmations.