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Mid-session Outlook(16-02-2012)

Weaker global cues led negative zone trading with higher levels intraday selling and Nifty slipped below 5495 also. Today down moves are correction of yesterday sharp surge.

Nifty is trading between 5484-5495 for the last 75 minutes with lower levels and today intraday correction completion/continuation will be accoring to its break out therefore should be firstly watched today.

Finally sustaining of Nifty below 5495 will mean testing possibility of next support will be:-

Yesterday gap of 5428-5461