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Pre-closing Outlook(09-08-2011)


Global economic crisis effected Indian Bear markets and uncertain news flow from USA and European markets have shaken confidence. As much news are uncertain so much voltality is high therefore confirmations are must. Clear higher levels selling between 5100-5163 today and lower levels buying also between 4990-5060 today.

We are in Bear markets and more down moves after fresh selling will be expected. Only Pull Back rally will be expected after panic bottom formation or sufficient intraday consolidations.