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Mid-session Outlook(16-03-2012)

As selling seen between 5426-5444 today therefore sustaining beyond this range will be firstly watched today amid highly volatile market. Sustaining beyond yesterday range(5362-5447) will be market reaction on Budget.

As selling seen today therefore view turned cautious despite whole day positive market today and equally fresh consolidation is firstly required within yesterday range for moves above 5444.

Trade Carefully otherwise such volatile markets are good for stop loss triggering.