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Pre-open Outlook(08-08-2014)

As US President Barack Obama has authorized US Military for targetted air strikes on North Iraq therefore escalation of Geo political tension and resultant weakness is being seen in all the Asian markets. Certainly sentiment turned most depressed today morning therefore gap down opening will be seen in Indian markets and sustaining below  next support range(7600-7666) will be Intermediate term trend turning down and deeper correction confirmation.