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Post-open Outlook(04-07-2011)

Following lines were told in Market Outlook today and Nifty is trading between already mentioned range since opening today:-

"Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today"

As selling within mentioned range therefore some consolidations is required and expected that Indian markets will consolidated within this Nifty range and then up moves will be seen.