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Post-open Outlook(16-04-2014)

As selling indications with Bearish Engulfing Candle formation therefore flat Indian markets despite good Global cues. Some indications of consolidation also developed in first hour of trading today therefore correction completion will also be considered because today and yesterday trading is seen within next support range(6706-6732).

Valid break out of 6706-6748 will be next immediate moves confirmation and should be firstly watched.