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Pre-closing Outlook(21-07-2011)

Nifty traded whole day between mentioned range(5530-5580) and slipped from higher levels after minor selling at higher levels between 5558-5573 but lower levels patterns are indicating consolidation also. US markets may slip today because selling intraday patterns in US markets intraday charts.

Sentiment may be depressed tomorrow morning and sustaining beyond today trading range will be next moves confirmations.