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Pre-Closing Outlook(16-11-2012)

As almost first 2 hours selling between 5636-5646 today therefore follow up consolidation and sustaining above 5646 was must and it was updated Mid-session Outlook-2 today.

As Indian Rupee weakened and now trading above 55.11 against $ as well as all European markets also forcefully down after sharp 60 points fall of Dow's Futures therefore sentiment depressed and Indian markets 36 sessions trading range(5583-5815) broken down

Finally sustaining below 5583 will mean deeper correction in next week.