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Mid-session Outlook(18-01-2013)

As selling between 6030-6065 in last 3 sessions therefore Nifty could not sustain at higher levels retested 6065 at 10:48 AM today. Minor profit booking at higher levels today,view is cautious and until Nifty will not cross today high(6083) till then next up move will not be considered and valid break down of 6065 will mean that correction about which we have already updated in previous 2 Outlooks.