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Pre-closing Outlook(06-04-2011)


Nifty traded most of the time between 5880-5910 today and selling signals seen between this range today. At lower levels immediate support range is 5857-5870. More or less patterns are mixed and market requires more time for break out of 5855-5940 for decisive moves.

Expected that Nifty will again trade and prepare for next moves within 5855-5940 and final conclusions should be drawn after its break out.