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Mid-session outlook(17-02-2011)


Following lines were told in Post-open outlook today:-

"Although Indian markets slipped from higher levels after opening but intraday charts are showing consolidation patterns. Firstly 5460 and then 5420 will be watched for consolidation confirmation"

Nifty got support at 5464 today and reversed therefore support at 5460 strengthened. ctossing 5520 is strong upmove confirmaton and it is being expected for the last 2 sessions also.