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Pre-open Outlook(10-04-2013)

Short term indicators are oversold and yesterday closing within gap supports range(447.45-5526.95) as well as sentiment is positive after Green closing in US markets therefore some up moves and Pull Back Rally can not be ruled out but until Nifty will not sustain above Long Term Trend decider 200 Day EMA(today at 5667) till then any decisive rally will not be considered.