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Mid-session Outlook (24-05-2012)

As positive zone trading in first hour despite series of negative news therefore indications of strength in Indian markets. As selling at higher levels and next resistances are between 4870-4890 and 4904-4955 therefore market require complete consolidation for sustaining above 4955.

As good supports at lower levels therefore up moves continuation is expected and sustaining above 4890/4955 will be strong rally confirmation.