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Pre-Closing Outlook(17-01-2012)

Testing possibility of next  resistance range 4950-4980 was told at 09:31:00 AM today and Nifty is trading between this range for the last 3 hours. Whole day up moves but without force today therefore next up moves confirmations through sustaining above 4980 is must and more consolidation is firstly required for up moves..

As up moves without force therefore sustaining beyond 4950-4980 will be firstly watched.