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Post-open Outlook(15-03-2012)


Sentiment dampened due to Railway Minister resignation issue and weakness in all the Asian markets(except Nikkei) therefore negative zone trading after weak opening. Railway Minister resignation issue will be resolved and today down moves are only sentimental impact.

Expected that Indian markets will get support and Nifty will not sustain below 5438 and finally on going rally will remain continued.

Next decisive moves confirmation range before and after Budget is sustaining beyond 5417-5463,precautionally should be kept in mind because market may be highly volatile also.