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Mid-session Outlook(04-07-2011)

Nifty traded between 5612-5672 last Friday with selling also within 5655-5672. Consolidation requirements within 5612 -5672 before any up move was told last Friday and today and Nifty is trading within that range which is being mentioned from last 4 outlooks.

Mixed intraday patterns therefore Nifty will prepare within mentioned range and sustaining beyond 5612-5672 will be next moves confirmations. Let this process complete and confirmation come then final views will be updated accordingly.

Consolidation indications at lower levels but confirmations are required at this moment.