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Mid-session Outlook(13-05-2013)

As sufficient reduction in CPI inflation(MoM) as well as lower levels intraday supports today therefore some up moves after weak opening. All trends are up but Short Term Correction is also very much due because indicators are showing negative divergence in overbought zone. Although rally top formation on 11-05-2013 but intraday selling patterns formations were also seen in previous week therefore minor correction is being seen today.

Trading is expected between 6025-6114 with minimum sideways correction possibility.