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30 January, 2009

downward bias.

Yesterday markets were weak and closed at 2821.  But now the global cues are all - ve. Today's trade has to lead the direction. 2800 puts added 16 lacks Vs 2900 calls added 10 lacks 2800 calls 8 lacks. This heavy put addition shows that markets have to jump up but may be even after one week.  A confusing aspect.  But trade down side now with stop loss levels as previous days levels.  Short stop loss 2875.

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