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Pre-Closing Outlook(27-07-2012)

Following lines were told for today market which proved 100% accurate:-

"market require complete consolidations to sustain above 5110 as well as sustaining it above is not expected despite whatsoever strong sentiment today"

Although Nifty wae more than 100 points above today and traded at 5149.95 also but could not sustain above 5110 and slipped to 5077.50

Nifty traded whole day within resistance range of 5092-5140 with mixed intraday patterns and consolidation also can not be ruled out despite slipping from intraday higher levels.

Next moves confirmations will be sustaining beyond today trading range in the brginning of next week and should be firstly watched on next Monday.