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Mid-session Outlook(19-07-2013)

Nifty slipped below 6040 after Some selling but recovered also from lower levels and now again trading within mentioned 1st resistance range(6040-6061) after some lower levels supports. Both lower levels supports and higher levels selling seen within 6027-6060 today and no final conclusions from intraday patterns yet. It should be kept in mind that complete selling patterns are required for any decisive down moves from present trading levels.