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Pre-Closing Outlook(13-06-2013)

Whole day range bound trading under most depressed sentiments after gap down opening with higher levels selling and lower levels good consolidations. As lower levels good consolidations and supports today therefore final conclusions regarding 200 Day EMA breaking down confirmations are being reconsidered and follow up moves as well as today trading range break out will also be firstly watched for confirmations.

At present view is neither Bullish nor Bearish and will be according to valid break out of today trading range.