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Mid-session outlook(24-01-2011)







Following lines were clearly told in weekly today morning:-

"Firstly rally expected in the begining of coming week"

Rally seen immediately today morning and Next resistance is at 5752. Nifty traded little below it for the last one hour and and crossed now. Nifty sustaining above 5752 will mean crossing of strong resistance as well as short term trend turning upward.

As last one hour intraday charts are suggesting consolidation therefore expected that Nifty will cross and sustain above 5752.