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Mid-session Outlook-3(03-05-2012)

Strong opening of European markets and trading .70% to 1.10% up. Indian markets also moved up after strong opening of European markets and Nifty is trading between 5191-5215 despite Futures surged sharp.

As intraday supports at lower levels and higher levels selling also seen today therefore sustaining above 5215 will be up moves confirmations and will be firstly watched because last half hour up moves are on the back of strong cues from European markets.