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Mid-session Outlook(08-03-2013)

Nifty is trading above previous resistance range(5800-5895) for the last 2 hours. Next resistance ranges are as follows:-

1- 5900-5915
2- 5940-5970

Nifty is again trading between resistance range(5900-5915) for the last more than 2 hours and valid break out of this range will decide next stronger trend. Although emergence of selling signals also but confirmation is also required through valid break out.