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Pre-Closing Outlook(29-07-2013)

Although down moves after new intraday high formations but new intraday low formation also today therefore trading patterns are suggesting only volatility and decisive moves will be expected after Credit policy but high volatility before and after its announcements may be seen again tomorrow. As today all down moves are showing Bullish Falling Channel formations therefore some up moves,Bounce Back or minor Pull Back Rally can not be ruled out but corrective Wave-C continuation and finally down moves are expected.