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Mid-session Outlook (27-04-2011)

Although market was positive and trading in green but today weakness was clearly told in first half hour in Post-open Outlook and also gave profit booking confirmation levels. Nifty rallied 102 points yesterday and its 61.8% retracement level is 5829,intraday correction is on and Nifty is hovering around 5829 for the last 15 minutes and also slipped to 5823.40. 70.7% retracement level is 5820 and intraday support possibility between 5820-5829 will be watched today