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Pre-Closing Outlook(21--09-2011)



Nifty traded whole day between 5110-5169 with intra day selling patterns between 5145-5169. Indian markets slipped after opening of Europen markets and last 3 hours mixed patterns between 5110-5130.

Mixed formations therefore today trading range break out will be next moves strong indication.Slipping below 5100 will be confirmation of again resistance from previous resistance range(5100-5120) and then steep fall will be expected.