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Post-open Outlook(20-12-2011)

Nifty moves up today but slipped after forming high at 4637.25 today and Nifty is trading between yesterday range. Nifty got support between 4560-4578 yesterday and Nifty is trading above it since opening today,sustaining below this range will be next down moves confirmation and up moves will be considered above 4640.

Nifty is trading between yesterday range(4560-4620) and preparing for next moves.Although Nifty slipped from higher levels today but intraday consolidation indications and next short term trend will also get confirmation according to sustaining beyond yesterday range(4560-4620).