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Mid-session Outlook-2(27-01-2014)

As all European markets could not sustain and slipped sharply after flat to positive opening therefore sentiment dampened further and Nifty is hovering around 6157 after slipping from higher levels. Next supports are above 6130 and deeper correction will be seen after sustaining below it therefore finally sustaining beyond 6130-6157 should be watched for correction completion/continuation confirmations.