Mid-session Outlook(05-10-2012)
NSE says that whole trading was normal and no technical snag today. Sudden fall and stopping of trading was the result of big selling order as well as hitting of circuit filters.
Trading resumed again but Nifty lost all the gains of yesterday and traded more than 1.30% down today. Next strong supports are between 5639-5680 and until Nifty will not sustain below it till then deep correction will noy be considered.
Minor recovery seen after forming low at 5707 today and Nifty sustaining it above today will be intraday correction completion after sharp panic.