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Post-closing Report(17-05-2011)

As busy therefore Mid-session Outlooks could not be posted today.

Firstly follow up selling developed within yesterday range and then Nifty slipped below 5444 but down moves are without required force. As without force down moves are a part of consolidations process therefore if Nifty sustains below 5444 then sharp down moves otherwise range bound market within 5424--5605.