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Mid-session Outlook(29-05-2012)

US Futures and Asian markets turned stronger but Indian markets are not responding and also has not shown strength today because Indian Rupee is .4250 down. As intra day patterns are showing consolidation formations with intraday higher bottom support therefore yesterday begun up moves continuation is expected.

Sideways market with narrow range moves within 4983-5007 after rupee fall news today and for precaution firstly watch sustaining it beyond also for next moves confirmations.