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Midday Outlook for Nifty (29-04-2011)

Nifty Intraday Chart: Nifty moving well along the down channel. We still remain neutral on Nifty and we might see a bounce in Nifty late this afternoon session. As long as Nifty moves in between 5690 and below the negative sloping trend line, Nifty is considered to be in no man's land.

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