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Mid-session Outlook(04-01-2012)

Following line was told in Bull's Entry after breaking 4 Gates at 02:02:00 AM today:-

sentiment is heated after yesterday strong rally therefore volatility may be seen after minor profit booking

As was told same is being seen immediately after opening today and Indian markets traded most time in Red after after minor Profit booking today. Nifty will prepare for next immediate moves between 4730-4790 and sustaining beyond this range will be next moves confirmation.

Today halt is for next moves preparation after yesterday sharp surge and let market prepare then final conclusions willl be drawn from intraday charts formations.