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Post-open Outlook(16-11-2012)

As yesterday  intraday charts showed lower levels supports between 5603-5615 with intraday consolidation patterns therefore positive market since opening today. As yesterday supports were between previous support range(5583-5615) therefore supports strengthened near 5600.

Follow up consolidation today and sustaining above 5615 will mean firstly very short term up moves between 36 sessions sideways trading range(5583-5815).