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Mid-session Outlook-2(04-12-2013)

When Nifty was trading flat at 01:41 PM then we cautioned through following line in previous Outlook:-

higher levels selling in previous 2 sessions and follow up selling today also therefore view is cautious despite now flat trading 

Nfty traded 30 points down after slipping from higher levels few minutes before. Next strong support is at 6158 and sustaining below it will mean sharp fall.