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Post-open Outlook-2(15-05-2013)

Although no positive reaction yesterday on good news of more than 1% reduction of WPI Inflation but strong rally immediately after opening today and cleared immediate resistance range(6055-6095) as well as new high of the rally formation today. As market did not showed positive reaction on such good news yesterday therefore correction continuation was expected but strong rally today and rally continuation will be considered after sustaining confirmation above immediate resistance range(6055-6095)