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Mid-session Outlook(30-06-2014)

More than 75 points recovery within first 10 minutes immediately after positive opening and after that trading between 7572-7605 which is just below previous resistances range(7626-7673). Although today intraday patterns are not showing any clear pattern but Indian markets are out performing Global cues and other psychological studies are indicating buying therefore expected that finally Nifty will trade above today highest of at this moment(7605) and will counter above mentioned resistance range(7626-7673)