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Mid-session Outlook(02-04-2012)

Long term trend survived on 29-03-2012,Short term trend turned up on 30-03-2012 and Intermediate term trend is sideways for the last 25 sessions and will be up above 5400.

Next Resistance is between 5350-5380 and strong supports between 5175-5236. Nifty is range bound between 5285-5315 today with lower levels supports. Finally Rally is expected after 1/2 sessions consolidation near about today first 3 hours mentioned range.