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Pre-Closing Outlook(07-03-2013)

As Nifty is trading between resistance range(5800-5895) and fresh consolidation is required for any up move therefore up moves are slow. Although Nifty slipped below 5828 but lower levels good consolidations today and yesterday therefore until Nifty will not sustain below 5796 till then any down move will not be considered and sustaining above 5828 will be strong indication of up moves continuation.