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Mid-session Outlook(27-06-2011)

As sentiment turned heated today morning therefore minor intraday correction possibility was told within first hour and Nifty traded range bound between 5515-5530 in next 2 hours.

Bullish market corrects in range bound modes therefore Nifty completed minor intraday correction between 5515-5530,then moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).