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Indian stock market on 20/01/2011 showed again a volatile trade with some segments performing well and others showing a negative trend. Reliance group has now come to a low levels and as Reliance industries is coming lower, it is becoming a valuable stock priced at a lower level and providing a good buying opportunity.
Today Indian market initially in negative territory showed recovery in later part of day and managed to end in green. But it is still showing some negative bias.
European markets ended in red and American market is trading mixed.
Tomorrow session will be an important one and if managed to cross 5760-5770 level comfortably, market may show further upmove, but on the reverse side if Markets breached level of 5670, we can see levels of 5550-5560 in coming days.
One should wait for tomorrow trade and act cautiously and be stock specific. Buy Suzlon, Triveni engineering on little downside and make a good long term investment.
Bye
Lalit Kumar
Disclaimer: All the views expressed here are my personal opinions and one should act on these ideas at their own risk and responsibility. Stock market is risky and there involves risk of losing money as well.
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