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Mid-session Outlook(25-05-2011)

Dow's Futures is dipping and trading 100 points down at this moment. As Nifty consolidated between 5367-5422 yesterday therefore did not sustained below 5367 and traded most of the time between given range in first 2 hours with low at 5362.30.

Although consolidation yesterday but Global sentiment is depreseed due to some adverse news from Europe therefore sustaining below 5367-5422 will be watched for next moves confirmations.