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Mid-session Outlook-2(02-05-2012)

Selling at higher levels between 5267-5279 and until Nifty will not sustain above 5305(Next resistance top) till then next up move will not be considered.

As intraday patterns are mixed because intraday support also seen at lower levels today therefore next support(5222) should be watched and slipping below 5222 will mean decisive down moves.