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Mid-session Outlook(10-04-2012)

43 Points sideways market between 5212-5255 with minor selling patterns at higher levels as well as support also at lower levels. Although most of the time negative zone trading but support at lower levels also.

Nifty is trading between 5175-5236(strong supports) today and sustaining beyond this range may decide the the fate of on going correction through big moves beyond this range.

Although up moves possibilities turning higher after supports at lower levels but for confirmations sustaining beyond above mentioned both ranges(5175-5255) should be firstly watched for next moves first strong indication.