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Mid-session Outlook-2(05-06-2013)

As Indian markets were out performing global markets today therefore following conclusive lines were told in previous Outlook:-
"valid break of today trading range(5883-5921) should be firstly watched for next immediate moves confirmations"

 Nifty is now trading above 5921 and sustaining above it will be first indication of on going correction completion because last 30 minutes up moves may be Short covering rally and intraday volatility also. 
Correction completion confirmation will be after sustaining above next support range(916-5932) in which Nifty is now trading.
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