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Mid-session Outlook(15-01-2014)

As strong global markets and improved WPI numbers therefore strong recovery from lower levels after positive opening but selling also seen at higher levels within previous resistance range(6260-6358). TCS quarterly results tomorrow and next trend will form after RIL results next Friday and next trend will form after the declaration of these 2 results. Follow up moves in the coming 2 sessions and finally sustaining beyond 6232-6316 should be firstly watched now for next moves 1st indication.