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Mid-session Outlook2(22-06-2011)

Next moves confirmation range of 5275-5320 was given for today trading and Nifty traded most of the time within this range with intraday consolidation patterns.

As today intraday trading patterns are showing consolidations therefore view will not be bearish until Nifty will not sustain below 5270. Last 2 days selling range is 5290-5320.

Next moves confirmation range is sustaining beyond 5270-5320