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Post-open Outlook(23-07-2013)

Although slipping from higher levels after good selling in last 2 sessions but most Asian markets are strong today after good recovery in US Futures therefore continuous up moves are being seen in Indian markets also.

As today up moves are global sentiment generated but selling in previous 2 sessions therefore expected that Indian markets will not sustain at higher levels and down moves will be seen within next 2/3 sessions after fresh follow up selling and Short covering.