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Mid-session Outlook(06-06-2012)

Next 2 resistances are as follows;-

1- 4960-4982
2- 5002-5020

As both resistances are sufficiently strong and Nifty is trading just below as well as within 1st resistance range and firstly watch sustaining beyond both above resistance ranges for next immediate moves confirmations

Today intraday charts are showing consolidations formations therefore break out above 5020 is expected in the coming sessions.