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Post-open Outlook(24-05-2012)

Positive zone trading in first hour despite negative news of Petroleum Price hike news but indian rupee declining process is continued and traded at new low @ 56.27/$. Indian markets also slipped and formed new intra day lows.

Selling signals at higher levels but Supports at lower levels yesterday therefore let market prepare for next short term moves then will be updated according to intra day charts formations.