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Mid-session Outlook(21-05-2014)

First 3 hours trading between 7246-7287 and this range broen down but without required force therefore sustaining below 7246 is must for decisive down moves below 7246 and should be firstly watched now.

Although Nifty is trading below 7246 but today intraday patterns are showing consolidation indications al so therefore up moves hopes are still alive after follow up consolidation in the coming sessions.