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Post-open Outlook(16-01-2013)

As cooling down of rate cut expectations later this month after RBI Governor Subbarao statement that inflation still high therefore Banknifty is more than .50% down and sentiment is also depressed due escalation of firing on Indo-Pak Border resultant weak Indian markets today. Intraday charts are showing intraday selling patterns between 6050-6055 today therefore firstly more down moves are expected within yesterday trading range(6019-6068).