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26 February, 2009

settlement day..

Today is settlement day. Global cues won't work out. Now, stochastic is at over sold zone and not moved upward. Trade nifty only based on levels. Short nifty below 2700 and long nifty in March series after crossing 2800 on closing basis on Friday. If markets are coming down below nifty 2700 in March then the fall may be severe to create new lows. Else, one may expect recovery rally.

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