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Mid-Session Outlook-2(29-12-2010)

Following lines were told for today market:-

"As per my view Indian markets are well prepared for upmoves and sustaining above 6040 will be confirmation of next rally. Expected that rally will begin today and nifty will cross as well as sustain above 6040 now. Green closing after positive opening expected today"

Nifty is trading above 6040 with intraday consolidation patterns today therefore it is confirming correction completion within 27 sessions range bound moves and fresh rally as well.