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Pre-Closing Outlook(05-06-2012)

Intraday selling patterns between 4884-4898 after good consolidations between  4771-4797 yesterday therefore next moves preparations will be seen within these two ranges.

Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.