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Pre-Closing Outlook(21-02-2013)

No respite for Bulls and crashing like situation after follow up today selling between 5884-5900 and testing of immediate support at 5854 after bottom formation at 5853.10. 58 Sessions trading between 5823-6111 with lower levels good Supports therefore last hope for Bulls is 5823 and once sustaining below it will mean 5548 after Budget.

Sentiment is completely depressed and fresh buying should be initiated after bottom formation confirmations