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Pre-open Outlook(19-10-2012)

As most of the Asian markets are weak today morning therefore negative to flat opening is expected today but higher levels consolidation patterns seen between 5685-5710 yesterday therefore until Nifty will not sustain below 5685 after follow up selling till then next down moves will not be considered.

As 5700-5733 is already a resistance range therefore fresh consolidation is must within it before a decisive rally above 5733/5756.

Next moves deciding first range for today is 5685-5733 and should be firstly watched.