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Wednesday, August 29, 2012

Nifty Outlook-Long Term Trading Calls-Markt For Tomorrow 30 August

NIFTY OUTLOOK FOR TOMORROW : Bad day for mkt, Nifty breaks below 5300: Udayan: It was quite a bad day for the market and the Nifty has not been spared. The last few days have seen a terrible market breadth but, the Nifty has been bailed out by few stocks. Lack of positive triggers and concerns about growth dragged down stock prices.  The BSE Sensex ended the day with a loss of 140.90 points or 0.8% at 17,490.81, slightly off the day's low of 17,471.13, while the NSE Nifty closed at 5287.80, recording a loss of 46.80 poins or 0.88%.

STOCK CALLS For Mid Term To Long Term:
1) Hold BHEL for long term and get huge returns. Fresh buying can be considered at sharp declines.
2) Hold Sintex Industries around Rs 55 with a stop loss near Rs 50 for short term. One can take position for long term and buy small quantities at declines to earn good returns.

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