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Mid-session Outlook-2(30-04-2013)

All trends are up and technically market is well prepared for up moves after Short/Intermediate Term correction completion but uncertainty developed after Supreme Court observations and  hard comments on the government today. Let CBI reply to Supreme Court unfold then next trend will be decided according to the survival possibility of Manmohan Singh Govt. As this matter is serious therefore we are continuously cautioning for the last 3 days.

Finally sustaining beyond previous 3 sessions lowest(5862) will decide next trend because good consolidations above it in previous 2 sessions.