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Mid-session Outlook(09-06-2014)

Although life time high formation amid Presidential address to Parliament but profit booking also seen between 7652-7669 on the back of heated sentiments therefore slipping from higher levels and intraday correction seen. As lower levels supports above 7500 and higher levels selling below 7669 therefore at present Nifty will be understood sideways between 7500-7669. Let fresh consolidation develop then next up moves will be seen and also expected that finally fresh rally will be seen after follow up consolidations between 7500-7669.