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Mid-session Outlook-2(08-10-2013)

20 Sessions sideways market between 5701-6142 and both Long Term Trend decider 200 Day SMA and 200 Day EMA are lying within this range,it is confirm that sustaining beyond this range will give very big moves in Indian markets. As  most time trading between 5737-5950 therefore its valid break out will be next trend first indication.

News based 2 volatile sessions with lower levels supports yesterday and higher levels selling today therefore Nifty will trade within 2 sessions range as well as prepare some more tome for valid break out 2 sessions range(5826-5981).