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Post-open Outlook(07-12-2011)

Following lines were told in Pre-open Outlook today:-

Expected that Indian markets will be finally positive and  also close in Green above previous session trading range after follow up consolidation today.

Nifty is trading above  previous session trading range for the last 1 hour and next three resistences are as follows:-

1- 5130-5225
2- 5260-5310
3- 5240-5265

No selling signals yet and expected that ongoing up move will remain continued after consolidations