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Mid-Session Outlook-2(18-11-2010)

5932 Broken down by force. Although sustainability is must for confirmations but today down move force is giving almost confirmation of intermediate term trend turning downward. Intermediate term turning down means down trend from 3 weeks to 3 months. As good selling at higher levels therefore I was non stop telling for correction and 5932 testing possibility for the last 1 month. As 5932 broken by force today and if sustains below it then testing possibility of 200-Day EMA(today near 5500) testing possibility can not be ruled out. I shall update regularly but keep mentioned possibilities in mind.

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