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Mid-session Outlook(01-04-2011)

Crude above $107 therefore pressure in Indian markets and trading in negative zone. Although slipped from higher levels today also but no clear selling pattern formed yet. 5815-5840 break out will be watched for next immediate move indication.

Nifty got good support between 5780-5800 yesterday therefore Nifty sustaing above with intraday consolidation patterns today will be next upmove strong confirmation.