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That means we can apply without offer letter when the slot open is it - pls confirm thanks for the news

I am into IT with HR - like i have exp and working on SAP-HR ,Oracle HRMS I think it will fall under 1122 – Professional Occupations in Business Services to Management but it says 500 (Cap reached)**

Helo Friends, We have seucred 76 points and want to know if we can proceed for immigration without job offer ? With only the education qualifications,work experiences can we go ahead applying and what r chances on the same. Thanks in advance for the answers