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Pre-Closing Outlook(03-11-2011)

Initial consolidation indications and after that intra day support between 5203-5224. As Dow's Futures surged more than 90 points from intra day lower levels therefore all the European and Indian markets also moved up sharply after  01:30pm. Positive closing above 5254 will be seen but today last 2 hours up moves are US Futures backed therefore sustaining above 5452 and minimum crossing of next resistance is must for confirmation of correction completion and it will be watched first of all tomorrow.