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Mid-session Outlook(25-05-2012)

Level of 4890-4960 was given at 08:49:00 AM today in Technical Analysis & Market Outlook and following lines were told;-

1- firstly trading is expected between 4890-4960.
2- Sustaining beyond 4890-4960 will decide the fate of yesterday begun up moves and should be firstly watched today.

Lower level of 4890 was given and Nifty got first intraday support at 4889.35.

More than 22 Nifty points up move was seen after getting first intraday support but Complete consolidations/distributions are required for next moves from here and its fundations are being laid between 4890-4915 today therefore:-

Get next moves confirmations through sustaining beyond 4890-4915