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Pre-closing Outlook(07-04-2011)


Followimg lines were told in Pre-open Outlook today:-

"Firstly trading will be betweeen 5880-5915"

Nifty traded most of the time between mentioned range. Intra day consolidation and support developed between 5867-5680 today and when up moves started then rally confirmation levels(5910) was posted for traders safety in Mid-session Outlook and Nifty reversed without giving rally confirmations.

Market is range bound near 5900 and preparing for decisive big moves within 5855-5945 and selling at higher levels and buying at lower levels seen within this range. Crossing and sustaining above 5945 is expected but final conclusion well be drawn after coming sessions intra day charts analysis.