Source: Warhammer Fantasy: 6th Edition

Guardian Light
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Spell Level 5Casting Value: 8+

Remains in play. This spell affects all friendly units that are within 12" of the caster. If successfully cast, all these units are now Immune to Psychology, and fleeing units automatically rally.

Once cast, the spell remains in play until it is dispelled, until the Wizard chooses to end it (which he can do at any time), attempts to cast another spell or is slain.