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12 June, 2009

11-6-2009 trading shows that markets could not cross the previous days high and broken 4600 level in the morning session. But later markets came up and in the evening nifty closed in red at 4637-17 points.  FII data, F & O data, Option writings are all showing positive signals.  Global cues are also positive.  Any correction is short lived till now. We are nearing the budget session and q1 results.  

Over all view: nifty may go up and one can buy calls in the intraday corrections. If nifty won't cross previous highs even at 1 o' clock and showing weakness (adv/dec) one can short and wait for monday trading.

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