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Mid-session Outlook(15-12-2011)

Nifty traded between crucial support range((4640-4690) and intraday support also seen between this range within 4675-4690. Both selling and intraday support seen between  4675-4726 today. Market is dicounting and reacting on advance tax figures and decreased inflation also with mixed intraday patterns. As intraday patterns are showing consolidations therefore up moves are expected but more confirmations are required and today trading range(4675-4726) break out will be kept in mind for next moves confirmations.