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11 February, 2009

very good recovery....

Today markets opened in red and raised for the first hour and came down in mid day but later gone up and closed flat. Amidst the negative global cues markets recovered very well. This shows that, if required, our operators can do anything....

Now, our journey to up side is intact and we may see huge momentum in one or two days. Friday 2 nd half is dangerous. Targets for nifty 2980-3050-3140. Stop loss is low of previous day.

Dow not negitive. F & O data positive. But have a look at down side above nifty 3000. One has to buy 2900 puts & 3100 calls for good profits. Today support 2890 resistance 2960. 

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