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Mid-session Outlook-3(20-08-2013)

High volatility is a nature of Bearish markets and it is being seen today. As all the Asian and European markets are 0.75% to 2.6% weak therefore sentiment turned depressed and selling formations also developed at higher levels today. Expected that Nifty will not sustain above today highest(5417) and finally down moves will be seen below 5360.