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Mid-session Outlook(31-10-2011)

Indian markets slipped after higher levels profit booking but did not sustained below 5323 and recovered also from lower levels. Following line was told in Technical Analysis & Market Outlook today:-

Nifty wil firstly trade between 5310-5370 and finally sustain above 5323 and rally will remain continued.

Today first 2 hours trading range is 5316.95-5360.25

Nifty will prepare for all the next moves between 5310-5370 and this range break out will be next moves confirmation therefore

Only watch break out of 5310-5370