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Post-open Outlook(03-07-2014)

As without force slow up moves with Bearish Rising Channel formation yesterday therefore follow up consolidation requirement with the condition of sustaining above 7700 was told in previous Outlooks. Consolidation through Down moves in Bullish Falling Channel formation seen in first hour today and it is a signal of consolidation process beginning. Let it complete then fresh strong rally will be seen and only one confirmation of sustaining above 7700 is required now.