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Pre-Closing Outlook(14-11-2011)

Dow's Futures was trading more than 75 points up today morning but slipped and now flat. European markets also opened with good gains but some are more than more than half pct down. Indian markets also followed suit and opened 1% up after strong Asian markets but tumbled after weakening US futures and European markets.

Next support is between 5147-5168 and Nifty slipped below 5147,it is weakness signal and sustaining below it will be deeper correction confirmation of Oct 2011 rally.