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Mid-session Outlook(04-10-2013)

All trends are up and higher levels selling today after Bearish Rising Channel formations yesterday but some intraday supports also seen at lower levels today. Certainly mixed patterns formations today and last 2 sessions therefore Nifty will prepare for decisive moves within 5701-5949 and sustaining beyond this range should be firstly watched for next trend confirmations.

As supports seen at lower levels today therefore we sold 'Puts' also near the higher levels of today which were bought yesterday near lower levels of the day.. Its live proofs will be updated after trading hours today.