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Pre-closing Outlook(17-06-2011)

Nifty slipped below 5375 but lacking force. it should be kept in mind that 5329-5370 is strong support range and Indian markets requires complete selling patterns within this range for breaking 5329.

Intraday patterns between 5355-5375 showing consolidation patterns today therefore this range strengthened the support of 5329-5370 today.

Trading range of today 5355-5390 should be kept in mind for next move confirmations. Intraday patterns of today are suggesting consolidaations(buying) and only confirmation is required.