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26 June, 2009

25-6-2009 trading which is settlement day shows that markets closed in red against to the view. Nifty is at 4242 -51. Now, the first day of F & O data can not indicate more but FIIs sold more than buys. Global cues are +ve. SGX nifty is +50. Option writing shows that more put writing at 4200 may give support at this level. Market is expecting pre-budget rally.
Over all view: Markets will open in green but at the closing there may be weakness. But nifty below 4250-4150 is more dangerous.

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