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Mid-session Outlook(16-01-2014)

As selling below 6325 yesterday therefore following line was told in previous Outlook yesterday:-

until Nifty will not sustain above today highest till then next up moves will not be considered.

As was told 100% same happened and Nifty could not sustain above 6325 and slipped below it immediately after opening today despite positive Global cues today morning

As some supports also seen at lower levels today therefore valid break out of today trading range(4300-4346) will ne next immediate moves confirmations.