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Mid-session Outlook-3(01-08-2013)

NSEL news led high volatality in first 3 hours today with supports after supports and consolidations at  lower levels yesterday therefore until today lowest (5677) will not be broken down till then next down moves will not be considered. As some selling was also seen at higher levels today therefore today highest (5808) is next resistance and expected that Nifty will prepare for next immediate moves between 5677-5808 and valid break out of this range should be firstly watched for next moves confirmations because technical positions reverses in today like news led high volatality.