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Pre-Closing Outlook(21-05-2012)

Indian markets showed out performnace in first session but did not responded in the Mid Session after good recovery in US Futures and European markets. Dow's Futures is more than 75 points up and all the European markets have turned positive but Indian markets slipped from intra day highs.

Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.