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Mid-session Outlook-2(18-07-2014)

Although 78 points recovery from lower levels despite weak Global markets but slipping also from higher levels(7673) after gap down weak opening of all European markets. Certainly Indian markets are out performing Global markets and once sustaining above 7655/7673 will mean fast strong rally. If any most depressing news does not come from Israel-Palestine conflict and Crude rates then it is confirm that strong rally will be seen in next week.