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Mid-session Outlook(01-08-2013)

Corrective Wave-C continuation and Pull Back Rally immediately fused after strong recovery today therefore it is clear weakness signal As consolidation and lower levels supports between 5677-5720 yesterday therefore market will trade within this range,market could could not sustain at higher levels and Corrective Wave-C continuation therefore slipping below 5677 after follow up selling between 5677-5720 can not be ruled out now.