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Mid-session Outlook(05-03-2014)

Most time trading between 6288-6328 with some selling at higher levels but lower levels good consolidations also therefore indications of very short term correction completion also. View is cautious because multiple resistance between 6320-6380 and selling pattern formation seen below 6300 yesterday therefore complete consolidation is required for any decisive up moves above 6380. Expected that Nifty will trade and prepare for next decisive moves between 6270-6380 and sustaining beyond this range should be firstly watched for next trend confirmations.