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Mid-session Outlook(13-12-2011)

Volatile market after opening and out performing global markets since opening today. Nifty traded most time between 4745-4780 today,as selling seen between 4780-4815 in last more than 3 hours therefore any upmove confirmation will be after sustaining above 4815. Sustaining below 4745 will mean sharp down moves.

Only volatility and no clear intraday trading patterns therefore sustaining beyond today first trading range(4745-4780) will be next moves confirmation.