Monday, March 7, 2011

MARKET OUT LOOK 07.03.2011

POLITICAL INSTABILITY AT CENTRE IN THE WAKE OF  DMK'S DECISION TO WITHDRAW SUPPORT TO UPA GOVT,  SOARING  CRUDE PRICES ( $ 105.12 PER BARREL ) AND NEGATIVE GLOBAL CUES TO  IMPACT OUR MARKETS GOING FORWARD.   WE MAY WITNESS A 60 POINT GAP DOWN OPENING.  UTILISE THE OPPORTUNITY TO TAKE LONG POSITION AROUND 5470  WITH STRICT STOP LOSS AT 5440. - RAJAN IYER

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