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10 October, 2008

YES IT IS 2900 NIFTY....

Today's trades shows that we have just missed the lower circuit break. May be our operators are feeling any sentiment to go for lower circuit break. O K. Closing of our markets near to lower levels of today's range & the trading of DOW future at present shows that on the next day also we may see very huge lower opening and nifty may touch below 3000. If we assume that our markets take support (very temporarily) at Nifty 2900-3000 one may buy 3400 calls or 3600 calls. This time we may see one /two days +ve closings next week. Latter we don't know.

We are just near to Nifty 2600. A couple of weeks ???????????

Full comments on today's F & O trades will be on the next day.

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