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Mid-session Outlook(23-02-2012)

Next moves confirmation range of 5482-5519 was given at 11:16:00AM today and Nifty is hovering around this range. Nifty slipped below it and got support exactly at the top of Gap suopprt(5461) and reversed. Now Nifty is trading above 5519. Sustaining beyond following range will be firstly watched for:-

1- For first indication- 5482-5519
2- For confirmation- 5462-5529

Sustaining beyond above ranges will give correction continuation/completion confirmation..
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