Mid-session Outlook-2(26-04-2013)

Although gap up strong opening yesterday but we were cautious because of already mentioned negative news flow and markets turned range bound. As some cooling of(or correction) was also required after 7 sessions strong rally therefore 2 sessions range bound market between 5862-5922 with high volatility yesterday. Sometimes Bull markets does not correct deep and completes correction with range bound mode therefore following ranges valid break out should be firstly watched now:-

1- 5876-5909(most time trading today and yesterday)
2- 5862-5922(Actual trading range of yesterday after high volatility in last hours)