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Nifty lost over 150 points last Friday as expected. Dow also crashed below crucial 12000 line to close 220 points down at 11842. So expect further mayhem on Monday. Crude is playing jokes on everyone going up and down everyday by $3-5 almost on a whim. On a positive note: since MFs have started buying now, more buying can be expected when Sensex reaches 13700-14000 range. 14000 is just about 4% correction away so it could happen by Monday or Tuesday. But beware of bouncebacks because political news, global cues, and our inflation numbers next Friday will be catastrophic (adjusted ones will bring more bad news).
Paresh
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