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Mid-session Outlook(19-11-2014)

Very short Term correction with slipping below 8407.25 was expected and Nifty slipped also 40 points immediately after opening but consolidation with supports seen today after lowest formation at 8412.30.

Although Nifty is now trading  in Red but both lower levels buying and higher levels selling seen between 8412-8454 today and yesterday therefore firstly sustaining beyond this range should be watched for next moves first strong indication.