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Mid-session Outlook(26-09-2012)

Nifty got intraday support between 5653-5670 yesterday but traded first hour below it today because sentiment depressed due to weaker global cues. Nifty again got support between 5644-5654 today and trading for the almost last 3 hours between above mentioned yesterday support range.

Sustaining above 5670 will be strong up moves indication and finally above 5709 will be rally continuation after correction confirmation. Forceful breaking down or sustaining below 5653/5644 will be last 2 sessions intraday supports broken down as well as deeper correction confirmation.