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Mid-session Outlook(14-09-2011)

Although first 3 hours Indian markets intraday charts are showing consolidation patterns but Dow' Futures is 145 point down and European markets Futures are also more than 1% down therefore more confirmations are required for next moves confirmations. Indian markets are out performing Asian markets also today but next moves confirmation will be sustaining beyond 4912-4970 and should be watched first.