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Pre-Closing Outlook(08-10-2012)

First 3 hours negative zone side ways trading between 5715-5730 with intraday selling patterns between 5721-5730 and slow slipping below last Friday intraday support(5707) after opening of European markets.

As selliing below 5707 also seen therefore expected that Nifty will sustain below it and last Friday begun correction will remain continued.