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Pre-Closing Outlook(10-04-2012)

Sideways 43 Nifty points market within 5212-5255 with higher levels selling and lower levels supports today. Although recovery seen from lower levels after intraday supports today but more than 4 hours trading range(5245-5263) of yesterday has been broken down today and until Nifty will not sustain above 5263 till then next up move will not be considered.

Intraday supports at lower levels today but correction is on and its completion confirmation is required yet. Sustaining beyond following 2 ranges should be firstly watched for next decisive big moves first indications and confirmations:-

1- 5212-5255
2- 5175-5263