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Pre-Closing Outlook(25-10-2012)


As sentiment improved because Dow's Futures was once 67 points up and Indian markets also moved up slowly but could not sustained at intraday higher levels as well as huge volatility seen after 02:30 PM today.

Range bound trading within 29 Nifty points between 5686-5715 but last hour highly volatile market which may be due to Oct Derivative expiry also.

Today is 22nd range bound trading sessions between 5639-5756. Higher levels selling and Lower levels buying is being told for the last 2 weeks and result is clear that Oct Derivative expiry is being seen within mentioned range near 5700.

it was positive US Futures news based led market today and also good volatility seen in last hour therefore technical reversal possibility can not be ruled out today. Indian markets are not prepared for any side decisive moves and will firstly prepare for that within 5639-5756 in the beginning of next week.