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Mid-session Outlook(27-07-2012)

European Central Bank president Mano Draghi's following statement blasted all global markets:-

"The Central Bank would do whatever it takes to preserve Euro"

All the Asian markets are 1% to 2%  up except SSEC. Indian markets also responded strong global cues and and trading more than 1.5% up today.

As genuine selling between 5092-5110 yesterday therefore Nifty slipped below 5110 and consolidated before decisive up moves today.

Strong Global cues led rally and sustaining above 5110/5140 will be decisive rally confirmation after correction completion