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Post-open Outlook(02-11-2011)

Although gap down opening and trading in Red since opening but not weak today.Nifty traded last 2 hours between 5238-5260 yesterday with mixed patterns and Nifty got support within this range also yesterday therefore follow up moves within or near about this range as well as sustaining beyond this range will be next moves strong confirmation.

Be Bullish or Bearish according to sustaining beyond 5238-5260.