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Mid-session Outlook-2(08-11-2013)

As lower levels supports also seen after higher levels selling today therefore Indian markets will be understood sideways between 6130-6185 and valid break out of this range will be next trend confirmation. Impulsive Wave-3 is on therefore only very Short Term correction and limited down moves were expected but QE-3 tampering fear developed in all Global markets today therefore deeper correction possibility will also be considered after valid breaking down below 6130.