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Mid-session Outlook-2(24-07-2012)

As first 4 hours intraday charts did not showed any clear formation between 5117-5139 therefore again traded between first 4 hours range after forceful broken down.

Only volatility after first 4 hours range bound moves today and and now trading above first 4 hours trading range.

Today is a next moves preparation day and it is being seen. Finally sustaining beyond 5117-5139 will be next decisive move confirmation and should be firstly watched today and in the coming sessions.