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Pre-Closing Outlook(31-01-2012)

Only very short term correction was expected and it has been seen yesterday. First 5 hours intraday trading between 5130-5164 and after that and its break out is indicating strong rally after yesterday correction and today consolidation. Next resistance is between 5200-5210 and its crossing will be fresh phase of strong rally confirmation as well as its possibility can not be ruled out after today lower levels good consolidations..