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Mid-session Outlook(05-07-2013)

Following 2 resistance range was updated in previous Outlook:-

1- 5880-5893
2- 5900-5969

Nifty traded most time within above mentioned 1st resistance range and actually traded between 5873-5900 today with intraday higher levels selling signals. Firstly sustaining beyond today trading range and finally sustaining beyond 5873-5969 should be watched for next big trend confirmations.

 Firstly sustaining beyond 5873-5900 should be watched for next moves first strong signal  confirmation.