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30 April, 2009

new settlement with new govt in making.

Yesterday's settlement day trading was unidirectional and bullish. Completely cleared the correction fall. Just short of 45 points for breaking the resistance level of nifty 3520.
FII data positive with buying in cash market. F & O nifty future very good addition with premium. Put option nifty 3400 writing 13 lakhs is a sign of rise in the market. If nifty breaks 3520 then the target will be 3650 -3680.

Daily/hourly charts are bullish for the time being. Stop loss for nifty longs 10 day ma @3300 zone.

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