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Mid-session Outlook(08-09-2014)

As higher  levels selling between 8100-8139 in last 3 sesions therefore Nifty could not rally above it despite strong recovery in first half hour today. Last 3 hours trading and preparation for next decisive trend between 8126-8149 today but intraday patterns have not shown any clear patterns yet therefore sustaining beyond 8100-8149 should be watched for next immediate moves confirmations. It should be kept in mind that clear break out of last 3 sessions selling range(8100-8139) is must for next decisive up moves.