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Pre-Closing Outlook(29-12-2011)

Following two lines were told in Post-open Outlook today;-

1- Nifty is trading below yesterday range between 4673-4692 since opening today
2- Nifty has to prepare for next moves and that will be done near about today trading range.

Nifty hovered around whole day above mentioned range within 4668-4700 with intraday selling patterns therefore more down moves are expected in the coming sessions.