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Market Outlook(14-07-2011)

US markets closed positive but slipped frrm higher levels yesterday and US futures is in Red since morning today therefore sentiment is depressed and some Asian markets are trading weak. Sentiment is subdued due to Mumbai serial blasts also therefore flat to Red opening is possible in Indian markets but Good intraday support between 5557-5575 yesterday.

As far as Indian stock Markets reactions on Mumbai Blasts are concerned that Indian markets will not be affected from these serial Blasts and Nifty will not slip below 5557 in whatsoever worse situation. Whole day good consolidation between 5557-5575 yesterday and Nifty will finally sustain above 5557. Although SGX Nifty is trading 45 points down at this moment but expected that Indian markets wil again  consolidate today and Indian markets will finally close flat to Green today.
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