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Pre-closing Outlook(03-04-2014)

As continuous higher levels selling in last 3 sessions therefore very short term correction possibility was told in most of the previous Outlooks and it is seen today through whole day continuous down moves since opening today. Although today down moves are in Bullish Falling Channel but some more down moves can not be ruled out and expected that Nifty will trade and prepare for next trend between last 3 sessions range(6675-6764) and valid break out of the range will be next Short Term Trend confirmation.