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Thursday, March 18, 2010

report as on 19/03/2010

After hitting day's low at 5210 level, the market recovered quickly back to 5250 levels, which was day's highest level
on Thursday. It seems that the market may continue its current momentum up to 5280 or 5300 at the beginning.
However, to sustenance around these levels seems difficult in the short-term. Our advice is to be cautious while adding
fresh long positions around the same, as any failure to hold 5300 levels may invite heavy profit taking. Supports
exists at 5225 and at 5200