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Mid-session Outlook(07-03-2013)

Clear consolidations patterns at lower levels today and some intraday up moves were also seen after positive opening of European markets. As intraday selling was seen at higher levels yesterday therefore some more consolidations are required for valid break out above yesterday highs(5828). Fresh up moves expectations turned alive after lower levels consolidations today and only valid break out above 5828 should be watched now for fresh up moves confirmations.