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Post-open Outlook(13-02-2013)

Although strong rally today but when Indian markets were in Red after weaker IIP data then also we did not posted Bearish views but on the contrary told for Up Moves:-

1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"

2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"


Strong rally today but equally strong resistances are between 5970-5984 and once sustaining above 5984 will mean fast up moves after Pre Budget Rally confirmations.