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Pre-closing Outlook(09-09-2014)

As uncertainty due to judgement of 218 Coal blocks case therefore confusion and whole day negative zone trading with most time trading between 8127-8155 today. Intraday patterns of today are not showing selling patterns formations therefore deeper correction is not expected and fresh up moves expectations will remain alive after today started correction completion within Very Short Term correction mode.

If judgement is announced today then Indian markets will react accordingly tomorrow therefore its implications should be firstly understood also.