| Markets tanked yesterday after the economic growth data was released indicating that the growth rate had slipped from the projected 9.6% to 8.7% which the FM has stated to be a conservative and that the final print would be above 9%, which investors ignored and engaged into broad based selling on the bourses, due to panic selling, the huge discount in the futures to indicated panic selling which should be avoided for the time bieng,,,,,,,,,,,,,,,,,,,,, | 9:55 AM |
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| 5200 would be the strong resistance zone for the time being which needs to be watched out for the time being |
| AIRDECCAN CAN TAKE OFF ANYTIME,,,,,,,,,,,,,,,,,,,,, ACCUMULATE WITH STOPLOSS OF 180,,,,,,,,TRGT 224-240 TIME FRAME 1 WEEK | 10:14 AM |
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Buy Nagarjuna fert around 50 stop below 48
Buy mindtree at cmp 356 - target 372
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BUY NEYLIG (NEYVELI LIGNITE) CMP 163 Target 169 and 173 StopLoss 159.1
| Presently stock market is neither working on any fundamentals or technicals so strictly keep away from stock market for next 5 days. | 8/2/08 at 11:21 AM |
HIGHER RATE OF INFLATION ABOVE 4% FOR THE FIRST TIME IN 6 MONTHS TRIGGERS FURTHER SELLING IN THE MARKETS
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