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17 March, 2009

16-3-2009 trading improved bullish sentiment further and nifty closed at 2777 +58. FII data positive. F & O data also positive with addition in nifty future and heavy put option writing. Now, the Global cues are that we may loose the positive points from now as Dow yesterday showed weakness at closing and may come down for the remaining week. If nifty won't cross 2800 for closing today we may see further down fall even for this month settlement.

Trade expectation from yesterday: 

If both call and put bought yesterday,one may exit calls today if nifty won't crosses 2800-2840 conveniently and one may add puts further.

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