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Mid-session Outlook(22-10-2012)

All the Asian markets jumped from intraday lower levels today and sentiment improved therefore good recovery seen in Indian markets also today.

Intraday selling seen between 5693-5710 last Friday and today again trading within same range with the last more than 2 hours trading between 5692-5714.

As more than 5 hours trading between 5692-5714 in last 2 sessions therefore break out of this range will be 1st indication of next trend and should be firstly watched now.