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Pre-Closing Outlook(07-10-2011)

Dow's Futures is more 40 points down and all the European markets also slipped from intraday higher levels and now more than .40% down. Although Indian markets slipped from higher levels but intraday patterns are not showing pure selling and are mixed as well as support also seen at lower levels between 4862-4872. As mixed trading patterns today therefore Next moves confirmation will be sustaining beyond today trading range(4862-4922)

Firstly more consolidation and then continuation of rally expected in the coming week.