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Sunday, October 26, 2008

(1) Sensex Chart For Coming Month ::


BSE Sensex :: Due to Global Recession, heavily selling pressure seen in our market.. Last Friday Nifty break down important long term channel support but still Sensex hold above it..(Dow Also made double bottom on last Friday)..All Daily, Weekly and Monthly indicators are in oversold level.. Watch three Important supports 8600/8125/7925.. If Dow hold last low and Sensex hold 8125/7925 then we see small short covering due to FNO expire.. Now for coming month Nifty must be hold above 2678 other vise we see last Sensex long term strong support 6050 in next month.. Till then avoid shorting at support level..As per our last Sunday post metal also enter in strong support zone.. Its time to buy A group strong fundamental stock in small-small quantity (10 % to 20%) for mid term prospective with ready to average it out at lower level ..

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