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Mid-session Outlook-2(13-04-2012)

Market digested INFY poor performance and traded positive because good consolidations at lower levels but selling formations at higher level and starting to slip after European markets weak opening.

Intraday trading between gap of 09-04-2012(5287.90-5305.30) and after that slipping below 5287.90  means resistance from gap and until Nifty will not sustain above its top(5305.30) till then next up moves will not be considered.