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Post-open Outlook(08-05-2014)

As news of some what under performance by BJP in last 2 phases of Election because emergence of Laloo Yadav in Bihar and Poll rigging therefore market is not sustaining at higher levels and trading near the lowest of last 23 sessions range(6651-6861). Some confusion and nervousness is being seen regarding NDA victory therefore slipping and closing below 6651 can not be ruled out but last 5 sessions intraday patterns are showing consolidation patterns therefore it seems that consolidation process is on and finally Rally/up moves will be on 13 may/16 May.