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Post-open Outlook-2(31-10-2011)

Profit booking possibility was clearly told in Technical Analysis & Market Outlook today and it was seen also at higher levels today. Dow's futures is  more than 110 points down and all the Asian markets are also in Red as well as trading near day's lows.

Sentiment turned weak and immediate minor resistance developed between 5325-5350 therefore some weakness may be seen today and if Nifty finally sustains below 5323 then down moves will be considered.