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Post-open Outlook(07-06-2011)

Opening in Red but not weak today morning. Following line was told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

"Good consolidations between 5480-5510"

Nifty is trading above this range and sustaining above this range today will be up move confirmation.

Good lower levels consolidations yesterday and follow up buying today pave the way of next resistance range(5580-5604) testing and it is expected also.