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    Monday, August 6, 2007

    we have bounced near from a very significant level 4267 on chart. in addition, it should be noted that the retracement zone of rise 3554-4647 and 3617-4647 is also at 4230-4254 . 100 and 200 dma are far much below but we could not close above 50dma which is now at 4347.59. Tomorrow if mkt trades above this then it will face minor resistances at 4357 and 4370 and then major at 4404 and 4413. immediate downside supports at 4327 and 4305.

    stock ideas with positive bias for tomorrow are india cements, kotakbank, ifci, nalco and sterlite optical.

    Posted by abhay r somkuwar at 10:48 PM

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