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Mid-session Outlook(16-08-2011)


Bullish sentiment punctured today due to:-

1- All the Asian markets moved into Red except Seoul Composite and Nikkei 225(minor gains).
2- Dow's Futures is more than 100 points down since morning today.
3- Nervousness due to arrest of Anna Hazare and Parliament adjournment on this issue.

Indian markets also slipped after good selling at higher levels and  no intraday support seen yet. High political drama may be seen in the coming days and 5050 should be watched for next down moves confirmations.