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Thursday, December 4, 2008

Nifty Update 3December

Today the market traded in a range for most of the time,and provided traders to earn much from the market. We minted 138Points on nifty trading -
long Nifty @2620 booked at 2655 (two times)
long Nifty @2612 booked at 2650
Short Nifty @2645 booked at 2615
In Option trading ,today we booked60% profits in two option calls of Unitech30CALL &Nifty2900Call.
Handsome profits made in equity calls in intraday trading.

Our FREE POSITIONAL CALL of GVK power given to you all yesterday at 16, made a high of 17.9 today. Hope you all must be sitting with hugeee profits from our accuarate market &stocks analysis. The nifty levels provided by us during market hours also minted huge money in Nifty Future trading.

All the stocks suggested by us in weekly view -GVK power,Andhra Bank,NTPC,Nalco,GMR Infra gave you all handsome profits.

For tomorrow Nifty may take support at 2605, and on upside resistance 2690. So range will be 2605-2690 for tomorrow,breakout on eitherside will decide the nifty trend. If Nifty stays above 2690 and gives a closing baove this level then we can expect nifty inching up in nest few trading sessions.
For tomorrow,nifty trading levels are-
Support-2645-2620-2590-2565-2540
Resistance-2665-2680-2705-2735-2755

Free Intraday calls for 4December-
Kesoram Ind abv135.5 tgt-138-141-143
Unitech abv 26.5 tgt-27.5-29

Note- Once the stock starts trading above your buying price, keep buying price as stoploss and thenafter keep trailing with stoploss for further targets!! This strategy will always yield profits for you.

Stay tuned with EAIB Securities!

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