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Mid-session Outlook-2(30-10-2012)

Finance Minister P. Chidambaram clearly showed his surprise and disappointment on today RBI Credit Policy announcement and it seems that there is lack of coordination between both key institutions. As such high level contradiction and confrontation therefore forceful breaking down and sustaining below(5639) last 24 sessions trading range.

As sustaining below 5639 will mean deeper correction therefore its technical form was updated in following topic on 27-10-2012. Just click following topic link and understand technical points:-