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Pre-closing Outlook(17-08-2011)

Anna Hazare agitation news led highly volatile market and in such markets technical positions reverses also therefore today technical positions will be understood first:-

1- Today trading range:- 5018-5110
2- Support at lower levels between- 5018-5045
3- Resistance at higher levels between- 5080-5110

Today trading range break out will be next moves first strong indication because both intraday support and resistance between today trading range and also expected that Nifty will first trade netween today range in the coming sessions and prepare for next moves.