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Sparkling Rally after Blasting Global markets

Pre-open Outlook(14-03-2012)

As higher levels selling patterns were seen yesterday therefore view is cautious but strong rally in all the Global markets. Most Asian markets are 1% to 2% up after more than 1.6% positive closing in US markets therefore sentiment is blasting and Indian markets will consolidate at higher levels after gap up opening.

Rally is on after correction completion on 07-03-2012 and its continuation will be seen today after sparkling Global cues.