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Mid-session Outlook(19-10-2012)

First 2 hours trading between 5694-5710 with firstly slipping after some higher levels profit booking but immediately intraday supports also at 5694. Following lines were told today in Pre-open Outlook and should be kept in mind today:-

"consolidation patterns seen between 5685-5710 yesterday therefore until Nifty will not sustain below 5685 after follow up selling till then next down moves will not be considered"
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