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Pre-open Outlook(01-07-2011)

All trends are up.Nifty crossed 5600 and Intraday charts of yesterday are showing consolidations above 5600 therefore sustaining above 5600 is confirm now. Indian markets broken out 39 sessions range,worst is over and rally is on.

As global cues are positive therefore Green zone trading after gap up opening will be seen today. Market require complete selling for any correction signal and no such indication till yesterday. Strong rally expected after 5600 break out but sentiment is heated therefore intraday voltality may be seen but finally positive closing expected today.

(Postings were interrupted yesterday due to some unavoidable reasons and will remain continued now)