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Post-open Outlook-2(07-02-2013)

Indian markets out performed global cues today and now almost flat after recovering from lower levels while CNX MIDCAP and CNX SMALLCAP are 0.41% and 0.06% up respectively. Now expected that Nifty will firstly trade between 5941-5984 but resistances are at higher levels within this range and follow up consolidation is required for next up trend.

valid break out of 5941-5984 should be firstly watched today for next trend confirmation.