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Post-open Outlook(19-07-2013)

As some recovery in US Futures and Asian markets therefore sentiment improved and positive zone trading seen within 1st resistance range(6040-6061) after gap up opening. Although Nifty is trading with some gains but its Futures is trading flat and its premium reduced by 10 points. Although it is a negative indication but today intraday chart has not shown any selling pattern formation yet therefore firstly mentioned resistance break out should be watched for next immediate moves confirmations.