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Mid-session Outlook(16-04-2012)

Following strong support range has been posted more than 5 times in last 7 sessions Outlooks;-

5175-5236 

Nifty is trading between this range since opening today and firstly sustaining beyond this range should be watched.

Possibilities of next moves beyond this range has already been updated in 8 Outlooks which have been posted in last 3 days.

Now volatility within this range is suggesting to adopt Cautious approach.