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Pre-Closing Outlook(24-07-2012)


Almost first 4 hours trading with mixed intraday patterns between 5117-5139 and after that volataility as well as breaking down/breaking out of mentioned range as well as no clear pattern formations in intraday charts today.

It was next moves preparation day between 5117-5139 today and finally sustaining it beyond will be next decisive move confirmation therefore should be firstly watched in the coming sessions.

Although Indian markets traded whole day in Green and also being cloed positive today but bearish views are still maintained which were expressed in following topic today:-

Huge Island Reversal Pattern & Correction