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Pre-Closing Outlook-2(02-08-2013)

Nifty was trading at 5697 at 01:57 PM and at that time  Rupee was trading at 60.75 but as soon as Rupee slipped 28 paise within 1 hour then Nifty immediately responded and down 50 points to 5649. As today breaking down moves are negative news led therefore sustaining below 5677 should be firstly watched in the next week for fresh down moves confirmations.