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Mid-session Outlook(15-02-2013)

Previous support of 5895 has been broken down and now movement toward Strong support(5823) but sentiment is extremely depressed and Short term indicators are oversold also therefore a bounce back can not be ruled out now. As good selling at higher levels therefore complete consolidation is required for any decisive up move and today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.