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Friday, April 18, 2008

upper resistance already ?

Proposed action for tomorrow's trade None
Today's action None
Famex 10638
News for today : 1 : Wall Street finished an erratic session mixed Thursday after an uneven batch of earnings reports made investors cautious about buying stocks. Disappointing economic readings added to the market's uneasiness a day after a big rally.
News for today : 2 : Vibhav Kapoor, IL&FS has a view that the markets are oversold and lot of stocks had fallen to levels where they had gone down 40-50% from their tops particularly the midcaps. He adds the Sensex target is around 17,000. "I think the rally should end because we don’t think the fundamentals justify anything higher than 17,000 or 17,500. There are a lot of headwinds facing the economy as well as various sectors,” he adds
Stock Barometer 3 - volatile
Strategy for today : Scout for good shares
Quote for the day : Goodness is the only investment that never fails. ~Henry David Thoreau

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