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Post-open Outlook(21-05-2013)

As slipping below 6147 was expected therefore following conclusive lines were told yesterday;-

1- let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
2- sustaining beyond 3 Sessions range should be firstly watched today for the beginning of Short Term correction below 6146 or rally continuation above 6229.

Nifty is trading below 6147 now and firstly sustaining it beyond should be watched for correction continuation/completion.