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Mid-session Outlook-2(28-03-2012)

As soon as selling indications seen then it was updated immediately in Mid-session Outlook today and Nifty has broken down today intraday lowest also. Although weakness after breaking down but strong supports above 5175 and sustaining it below will get real down move moves confirmations.

Firstly sustaining beyond today trading range(5202-5236) and finally sustaining sustaining beyond 5172-5242 will get next big move confirmation therefore should be firstly watched.