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SUPPORTS & RESISTANCES
ACTIVE COUNTERS
30/09/2009 18:10—————
NIFTY OVERVIEW
29/09/2009 18:15
There is a long weekend ahead of us for the Markets. The market may move in a range 4900 to 5200 for some time to come. Intra-day volatility persists in this range, and the strategy should be to buy at dips and exit at rebounds without waiting for any...
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STOPLOSS:
ALWAYS APPLY THE CONCENPT OF STOP-LOSS TO AVOID CAPITAL EROSION. PRESERVATION OF THE CAPITAL IS MORE IMPORTANT THAN PROFIT MAKING.
BEWARE: SUPPORT BECOMES RESISTANCE & RESISTANCE BECOMES SUPPORT IN THE MARKET PLACE.
ayyanar
News
DELIVERY CALL
01/10/2009 09:30—————
PICKS OF THE WEEK
30/09/2009 09:45
AXIS BANK: LTP...
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30/09/2009
Sensex 1000 Points in 16 days, crossed 17K for the first time in 16 months
It is mainly due to FIIs with investment of over 13K Crore. They borrow in low interest currencies and invest the funds in higher interest markets. US FedReserve Dollar Interest Rate is at near zero % levels.
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Stretched Valuations: 22 PE for SENSEX at the current levels may prompt profit booking.
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Derivatives:Sharp surge in Open Interest of Banking counters coupled with discounts signals Shorts.
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THOUGHT FOR THE DAY