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Post-open Outlook(12-07-2013)

Gap up strong opening after INFY good results today and Nifty is trading below the high of the immediate resistance(5969) after fast slipping from higher levels. 2 sessions trading is completely news based and finally sustaining above immediate resistance range(5873-5969) will mean positive reaction on news and only then rally will be seen after confirmation of worst is over.

Although positive news flow but sustaining beyond mentioned resistance range(5873-5969) should be firstly watched for next trend confirmations.