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Pre-closing Outlook(02-08-2011)

Nifty traded whole day between 5435-5470 with first 3 hours selling between 5455-5470 and 90 minutes buying between 5435-5450.

Previous support range was 5460-5485 and Nifty is trading below it for the last 2 hours. Nifty slipped below but minor buying was also seen below 5460 therefore susaining around next support range(5460-5485) should be watched for next moves confirmations.