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Pre-open Outlook(10-08-2012)

Although US markets closed flat yesterday but most Asian markets are trading in Red today morning and sentiment turning weak therefore Indian markets may open weak. Intraday support was seen between 5313-5323 yesterday and sustaining below it will be correction confirmation.

US markets are flat for the last 5 sessions with intraday charts selling formations therefore big fall there can not be ruled out there and that may trigger global stock markets crash also. Just keep in mind and remain watchful.