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Mid-session Outlook(30-12-2011)

Crucial and next moves deciding levels for today have already been posted in Pre-open Outlook today and Nifty is trading between 4660-4687 since opening with minor consolidation indications but lot of consolidation is required for any sustained up move from here. Most uncertain cues from global markets therefore will be better to get confirmation through sustaining beyond following next support/resistance range:-

Support- 4602-4624
Resistance- 4680-4700

As minor consolidation indications today therefore up moves are expected and sustaining above 4700 will confirmation level.