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Wednesday, May 28, 2008

MARKET PREDICTION

GLOBAL MARKET IS MIXED...OIL CORRECTED SIGNIFICANTLY FROM HIGH TO $128.
RUPEE GOT WEAK AGAINST DOLLAR 42.78.
JUST BEFORE CLEARING DAY MARKET IS REALLY BAISED TOTAL ROLL OVER SEEN IS 42% JUNE SERISE O I IS 37 K CR AND MAY SERISE O I IS 48 K CR TOTAL O I IS PREVALING IS 85 K CR.
PUT CALL RATIO IS 1.25%.LEVEL OF NOFTY IS 4800 AND 4920 IS CRUCIAL LEVEL FOR THE DAY.
GO SHORT FROM 4900 WITH SL OF 4920 AND BUY FROM LOWER SUPPORT OF 4820 WITH S L OF 4800.IN LONG SIDE IT AND PHARMA LOOK ATTRACTIVE AND IN SHORT SIDE BANKING , FINANCIAL SERVICES AND CONSTRUCTION LOOKS GOOD.
HAVE A NICE TRADING DAY.

-MR SAM

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