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Intraday calls for 29-07-08

Posted on: July 29th, 2008 at 9:30 am

Markets likely to open gap down.
Results of the RBI meet will be out by 12.00 PM. If there are no rate hikes, markets may see recovery and if a rate hike is announced markets may fall further. Nifty has support @ 4200.
If markets show signs of recovery later during the day, buy Mundra Port, ONGC & Gujarat Fluorochemicals

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