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Friday, August 21, 2009

Sokhi Market OUTLOOK for 21st August !

The Nifty closed the day today well above its support level of 4,360 on firm European markets but failed to cross the 4,500-mark on profit- booking at higher levels.

“Markets are witnessing opposing forces of profit-taking and fresh buying. It is trying to seek some direction but has been unable to break out of the consolidation phase,”

US markets, too, ended in the green yesterday. The asian markets are trading flat to positive and some peers like Nikkie in negative.

Markets likely to open gap up and may take reverse trend higher levels profit booking is not ruled out. Be cautious trade with stop loss.

Concentrate on midcap and small cap counters for smart gains. TODAY WE RECOMMENDED SOME SAFE CIRCUITS STOCKS TO PAID MEMBERS...JOIN SOKHI PAID for HIDDEN GEMS...

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.