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Mid-session Outlook-3(05-06-2013)

When Indian markets were near lower levels today then following lines were told in Mid-session Outlook:-

1- Indian markets are out performing today and trading only .30% down as well as Mid cap and Small cap Indices are in Green.
2- Indian markets are outperforming today therefore valid break of today trading range(5883-5921) should be firstly watched for next immediate moves confirmations.

Last 1 hour intraday charts are showing consolidation patterns formations therefore high possibility of correction completion today and confirmation will be after sustaining above 5932.