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Mid-session Outlook(07-12-2012)

Union Government postponed key Economic decisions in Cabinet meeting yesterday therefore sentiment weakened and Indian markets traded flat to negative today. As on going decision making halted therefore minor intraday correction is being seen. Until complete selling patterns will not develop till then any deeper correction will not be considered and follow up consolidation will mean immediate fast up moves.

Almost flat market today and above mentioned next very short term possibilities will be considered according to intraday charts formation completion and will be updated.