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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.

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    Monday, May 25, 2009

    mkt outlook...

    nifty uptrend is still strong and has immediate support in 4050-4100 area. some fiis are booking profits.

    below which 3700-3750 looks like a strong support on charts with resis near 4300.

    while s&p500(us) and dow jones are sideways but look a bit weaker than nifty and sensex, and they may undergo slight profit booking and might come down towards 8000/850 lvls respectively.

    some disconnect i found also in gold($) and domestic mcx gold(Rs.) while international prices look bullish for short term, domestic prices are going sideways with a weakish bias. may be a matter of time before they fall in line.

    crude still looks good for maintaining the upmove.

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