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Todays Outlook ( 7/16/08)
Date 07/16/08 time 8.28 am
Hi All,
Yesterday after our markets closed there was just one signal that came along in SAIL, this was obviously a sell signal. In the evening The US markets kept oscillating between red and blue and in the second half of the day there it was consistently in the blue. The last half and hour was really really bad there as the Dow closed more then 95 points down. A net fall of more then 125 in half an hour. This does not augur well for our markets at all and surely we will see a lower opening. The saving grace has been that oil did fall back. The immediate concerns would revolve round the FLL selling spree and that will continune. As said earlier Sail was the only stock which has given a sell signal on my systems. the closing being 130.80. The target for that stock would be 126.90 which i think will be a cakewalk to achieve. There is no need for us to look for suports in this sort of a market. For a open discussion of our calls pls add our messenger id:
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sinn fien
Neeraj B
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