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Post-open Outlook(02-06-2011)

Gap down opening on expected lines today.Crucial ranges are as follows:-

1  Next Resistance Range:- 5576-5596
2- Next Support Range:- 5459-5473
3- Next moves preparation Range-1:- 5485-5560
4- Next moves preparation Range-2:- 5473-5576
5- Next Trend Confirmation Range:- 5459-5596

Expected that Nifty will prepare for next moves between 5530-5576 today and follow up intraday moves will tell for break out side of this range.