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Mid-session Outlook(09-09-2011)


Following line was written and importance of 5107 was told in Post-open Outlook-2 today

Nifty consolidated nicely between 5107-5122 yesterday and sustaining below 5107 will mean failing to cross resistance range of 5120-5220 and that will be sharp down moves confirmation also.

Nifty retraced from 5107.55 and then traded at 5128. Just keep in mind above lines which were told about 5107 and get next decisive moves confirmations.