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Post-open Outlook(08-11-2012)

Minor Up moves after gap down opening and now trading near next trend decider(5733). As intraday selling seen above 5733 yesterday therefore fresh consolidation is required to sustain above yesterday highs(5777) and follow up selling today will mean re-entering into previous 31 sessions sideways trading range.

Let follow up moves develop and market prepare for next direction then forthcoming moves will be discussed according to intraday charts formations.