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Pre-open Outlook(20-06-2011)

Most of the Asian markets are positive therefore sentiment is good today morning and expected that Nifty will trade within last Friday trading range(5356-5387) after positive opening. Nifty consolidated within this range last Friday therefore a bounce back is expected and follow up buying today will mean pull back rally possibility.

Expected that Nifty will firstly trade between 5356-5420 after Green opening and will finally close positive after more consolidations.