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Mid-session Outlook(27-05-2011)


 Some profit booking signals emerged between 5450-5461 but shorting is not advised because bullish markets consolidated at higher levels and surges sharply without giving short covering opportunity.

Nifty is sustaining above 5444 today and go long above 5465. Shorting should be considered below 5444.

5444-5465 are next very short term moves confirmation levels.