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Mid-session Outlook(24-01-2014)

Indian markets are not trending but sideways for the last 39 sessions between 6130-6415 and today  trading within 1st strong indication range(6232-6356) after gap down opening due to depressing Global cues. As Dow's Futures slipped 48 points in last half hour and now trading 54 points down therefore Indian markets slipped and now trading the lowest levels of today.

Very Short Term correction started today and firstly sustaining beyond next support(6232) should be watched for its continuation/completion.