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Mid-session Outlook(20-08-2013)

As lower levels consolidations between 6360-5400 yesterday therefore good recovery from lower levels and trading between this range despite most depressing sentiment today morning due to crashing of Indian Rupee in last 2 hours. 

Although view is Bearish but Short Term Indicators are oversold therefore sustaining beyond 6360-5400 should be firstly watched for next very Short Term Trend confirmations.