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Post-open Outlook(14-05-2013)

As reduced WPI inflation is expected today and sentiment is depressed after yesterday fall therefore some recovery from lower levels today for the improvement of market mood and some more up moves also can not be ruled out. As strong resistances are between 6055-6095 therefore next sustained up moves above 6095 will be seen only after complete consolidations,let it happen then rally will be considered otherwise correction is continued and more down moves in the coming sessions can not be ruled out after facing resistances at higher levels.