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Post-open Outlook(29-08-2011)

Dow'Futures is more than 110 points up today morning and  all the Asian are 1% to 2% up except SSEC therefore good bounce back seen in Indian markets. Sentiment is strong and Nifty is trading between resistance range of 4827-4871. Pull Back Rally started on 19-08-2011 and sustaining above 4871 will be its survival confirmation.

Strong opening and trading today therefore possibility of crossing 4871 can not be rules out.

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