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Post-closing Report(16-06-2011)

News based volatile market today with intraday selling at higher levels between 5424-5442 and Nifty slipped into resistance range of 5329-5400. Minor support seen between 5405-5420 but Nifty could not sustain above and slipped below 5400.

As minor support seen above 5405 today therefore sustaing beyond it will be next move confirmation.