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Saturday, August 7, 2010

Market outlook fro monday,9th August

The market will start flat i the morning and we may see the market will range at levels plus or minus 50 from the current level,again the downside are maxi,um compated to the upper side.The current market is basically individual script basis market and safe would be to sort sell the scripts in the market for time being.We may see some resistance at 18k levels by sensex but hard truth is that in order to go ahead and reach 20k mark it has to enter in the correction mode so reach 16.5k to 17k levels.
And please dont go by European market or amaerican market they can just indicate us but our markets are running on there own,so when there is a correction in our market its not neccecery that there has to be major correction in european or american market.

Chers