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Post-open Outlook(28-02-2013)

As intraday mixed patterns were seen between 5795-5818 yesterday and fresh consolidation is required for sustaining above it therefore immediate down moves after gap up opening may be for it also. Weakness should not be concluded from today first hour down moves and slipping below 5823 and Stop Loss should be rather longer because volatility may be high today.

Emergence of consolidation indications today therefore development of up moves expectation after Budget.