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Mid-session Outlook-2(10-06-2013)

Although today lowest broken down and now Nifty is trading in Red after loosing all hefty intraday gains but last more than 2 hours intraday charts are showing consolidation indications therefore until Nifty will not sustaining below 5860 till then deeper correction will not be seen. Firstly sustaining beyond 5860 should be watched for next trend confirmations