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Mid-session Outlook(05-05-2011)

Support at 5515-5525 was told 12:40 PM yesterday and since then Nifty not moved below it and traded most of the time above it. Market preparation for next moves range of 5496-5550 is given in all the outlooks for today market and Nifty is trading within this range today. Nifty moved above 5550 but slipped and again trading within this range. Let market prepare then final conclusions will be drawn from intraday charts patterns. Suataining beyond this range will be next moves confirmation.