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Pre-Closing Outlook(02-12-2011)

As market slipped from higher levels yesterday therefore we were cautiously Bullish and expecting rally above 5000 in next week but sharp surge above 5000 seen today because recovery in Asian markets and gap up opening in European markets as well as positive US Futures.

Rally is very much on above 5000 and expected that next resistance above 5000 will be crossed in next week. We are posting only Bullish views from 23-11-2011 and detailed analysis of Indian market has also been updated in following topic today:-

Bulls are charging to beat Bears

How and from which levels on going Bullish rally built up? Just click following link and go through:-

Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011

Rally is on and its continuation is expected in the next week but sentiment is heated at this moment therefore buying should be done after minor intraday correction.