FOR THE DAY (24 Aug 2009)

FOR THE DAY: Domestic markets are likely to open on positive note following the strong Asian indices. Traders are advised to stay long above 4550 else from lower levels of 4500 levels with a final stop loss placed below 4450 levels. Investors are advised to remain cautious and play levels specific as higher levels may continue to witness profit taking. Hence, maintain a buy at dips strategy until the mentioned supports are held.

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