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24 June, 2009

22-6-2009 trading shows that due to very weak global cues our markets continued down trend and opened lower but immediately rises up. Later showed more volatility and closed in green nifty at 4247 +12 points. FII data is more shorts in index future, stocks future, more selling in cash. F & O data is +36 lakhs addition in nifty future next month. (net 9 lakhs). Global cues are still negative.
Over all view: Due to settlement pressures nifty may close around 4200 + . As per 2 previous days trading more role over is going on. If markets stays in green for today markets may reach 4330 else down.

10 ema=4340; 20 ema=4330; 50 ema= 4040.Support 4092. above 4227, 4249 (and above yesterday's high bullish).

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