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Post-open Outlook(14-03-2012)

5458 was resistance but Nifty is well above after strong global cues today. As some selling at higher levels yesterday therefore market is slipped from higher levels immediately after opening to consolidate and absorb yesterday intraday selling.

Complete selling patterns on intraday and minimum on daily charts are required for any down move or correction and until that will not happen till then rally will remain continued.   

 Rally is on after correction completion on 07-03-2012 and its continuation is being seen today after strong Global cues.