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21 May, 2009

roll over begins...

20-5-2009 trading shows that as expected profits were booked and premiums in options were come down in puts and calls. In side candle was formed. FII were on short side now. FII data – ve. Cash – ve. F & O data nifty future -11 lakhs . + 5 lakhs. Not + ve . option writing balanced. Global cues are - ve. Over all view is that markets will corrects further in the two days. Later we may see upward swing.

One can buy put for today.

Nifty range for today 4167-4506. 10 day ema =3922.

s1= 4174 s2 = 4222 p= 4292 r1=4340 r2= 4410

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