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Pre-Closing Outlook(20-12-2011)

Intraday up moves after lower levels intraday support but sharp fall from intraday highs and highly volatile market today. Condition of sustaining beyond 4640 was told slipped today after forming high at 4637.25.

Although 1.5% down today but intraday patterns of today are not showing selling patterns but intraday consolidation formations seen therefore next down moves confirmation is required through sustaining below 4531.