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Mid-session Outlook(07-02-2012)

News based(GDP data and STT reduction news) based  volatile markets today after higher levels selling. Although sharp surge but whole up moves nullified within half hour.

Such volatilty for triggering of Stop Loss was perceived before opening of Indian markets therefore we covered our shorting positions at at par rates without waiting for SL triggering.

Mixed intraday positions therefore sustaining beyond 5330-5400 will be next moves confirmations and should be firstly watched.