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Mid-session Outlook(26-07-2012)

Nifty traded last  more than 3 hours trading between 5098-5119 with mixed intraday patterns yesterday and trading within this range since opening today. Following lines were told today at 08:38:00 AM:-

"Indian markets are not prepared for any side decisive moves and will  firstly trade and prepare for next moves between 5077-5144 as well as sustaining beyond this range will be next moves confirmations"

Intraday charts have started to show selling signals and sustaining below 5093 will be next down moves strong indication.