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Mid-session Outlook(28-05-2013)

Although Dow's Futures is more than 100 points up and European markets are trading strong after gap up opening as well as most Asian markets are showing good gains but Indian markets have not shown as much strength and trading with small gains therefore view is cautious and should be Bullish after valid break out of next resistance range(6130-6180). It should also be kept in mind that once slipping below today lowest(6056) will mean steep fall because Indian markets are completely under performing Global cues today.