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Mid-session Outlook(06-02-2013)

Indian markets under performed Global cues today,slipped from higher levels,intraday lowest broken down and now trading between yesterday trading range but today intraday charts are showing consolidation patterns also after some higher levels selling between 5978-5984. More follow up preparations are required for any side decisive moves and 5940-5985 should be watched now for those next trend confirmation which have already been updated in previous Outlook.