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Pre-closing Outlook(03-01-2014)

As lower levels supports and consolidation today therefore now trading near the highs of today and expected that Nifty will firstly trade as well as prepare for next trend between 6172-6260 in the beginning of next week. Indian markets are sideways for the last 18 previous sessions between 6130-6415 and expected that will remain within this range some more sessions. Strong supports above 6130 and supports with consolidation seen above it today between 6172-6187,if Nifty sustains above 6172 in the coming week then yesterday started correction completion will be considered.