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Mid-session Outlook(07-06-2011)

Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
3- Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.

Consolidation higher level was told at 5510 and Nifty is trading above it since opening today. Mixed patterns were told near 5535 and Nifty is trading near 5535 for the last 2 hours and preparing for next moves.

Expected that Nifty will finally move above 5540.