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Pre-closing Report(11-09-2013)

Range bound trading today between 5836-5924 with selling indications but not sufficient and more selling is required because complete selling is required for decisive down moves after 794 points strong rally in 9 sessions. Nifty is trading near the higher levels of today and some supports also seen at higher levels therefore firstly sustaining beyond 5836-5924 should be watched for next immediate moves confirmations. As more selling formations today therefore correction beginning possibilities turned alive today.