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Post-open Outlook-2(06-09-2011)


Dow's Futures is 287 points down and most of the Asian markets are 1% to 2% down at this moment. Sentiment is completely depressed and last hope is yesterday consolidation range(4966-4994) and Nifty traded most of the time between this range today.

Nifty is sustaining below 4984 and sharp declines are possible after sustaining below below 4966.