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Mid-session Outlook(02-09-2011)

Nifty is trading between 5007-5065 since opening today and intra day technical position are as follows:-

1- Buying between 5007-5026
2- Selling between 5037-5064

Expected that Nifty will trade few hours between today range 5007-5065. As good selling at higher levels therefore today trading range should be watched and down moves possibilities have increased also.