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Mid-session Outlook(18-04-2012)

Gap up opening today after heated sentiment due to blasting global cues. Range bound trading between 5321-5342 with minor intraday selling at higher levels. Nifty is trading above the top of 1st resistance(5305) and sustaining above it will be strong rally confirmations therefore should be firstly watched today. As lower levels minor support also seen in last half hour therefore above mentioned today trading range break out will be  rally  after correction completion confirmations .