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Pre-Closing Outlook(24-10-2011)

Strong Global cues led rally today which could not sustain at higher levels. Old Resistance within 5145-5220 was told in Post-open Outlook today and Nifty traded more than 4 hours just below this range between 5125-5145 but could not sustained and slipped.

As selling indications at higher levels today therefore more down moves are expected tomorrow.