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Mid-session Outlook(06-05-2011)


As intraday charts told therefore Following line was told in Technical Analysis and Research For 06-05-2011

Genuine selling between 5525-5560

Clearly following line was told and cautioned in Post-open Outlook(06-05-2011)

confirmation will be minimum crossing next resistance range(5525-5560).

Intraday charts showed 3 hours selling between 5500-5520 today and this sellling is exactly below yesterday genuine selling range therefore yesterday resistance strengthened and more down moves are expected.