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Pre-open Outlook(23-06-2011)

All the Asian markets are down today morning after Red closing of US markets therefore sentiment is weak today morning. Nifty traded between 5250-5320 in last 3 days with lower levels buying and higher levels selling. Expected that Nifty will trade within lower band of this range range after weak opening today.

Next good supports below mentioned range are within 5220-5250 therefore any immediate fall is not expected and firstly more selling is required between 5250-5282 for any down moves.

Quiet range bound market expected between 5250-5290 today.