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Pre-closing Outlook(09-06-2011)

As consolidations seen at lower levels therefore upmoves possibilities were told in Mid-session Outlook-3 and that was seen also but Nifty retraced from 5540 after selling between 5528-5540 today which is just below next resistance next resistance(5545-5604).

Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.