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Mid-session Outlook-2(05-04-2011)


Intraday support and base formation seen between 5857-5870 today. Sustaining beyond will be watched first immediate next move confirmations. I clearly mean to say that today begun very short term correction completion or continuation will be decided from this range:-

1- If Nifty sustains above 5870 then correction completion.
2- If Nifty sustains below 5857 then correction continuation with some depper correction posssibility.