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Pre-open Outlook(12-03-2014)

As all the Asian markets are in Red and 3 markets are trading more than 1% down today after negative closing of US markets therefore sentiment is depressed and weaker opening will be seen in Indian markets. Although consolidation seen above 6498 in last 2 sessions and slipping below it can not be ruled out today due to Global sentiments but sustaining below it is must for any decisive down moves confirmations.