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Market Update

Posted by ATUL DOGRA at Saturday, July 26, 2008
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It seems there are some big orders for Infra stocks as heavy buying is seen. Ril Ind, ICICI, HDFC are very weak and dragging the market down. RNRL, Rpower and IFCI are trying their best to make it into postive. If market is unable to break 4380 and sustain above it before 2.45pm then it will be very difficult to hold and market might close at the lowest point of the day. If market stays below 4340 then all longs in Infra stocks and momentum stocks should be exit as they will lead in further downside . More

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