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Mid-session Outlook-2(27-06-2011)

Following line was told when Nifty was trading above 5550 today:-

moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).

Nifty could not sustain above 5530 and trading within first 3 hours trading range(5515-5530) and it will be better to to get next immediate moves first  confirmations from sustaining beyond this range.