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Monday, October 19, 2009

Indiabulls Real Estate

Current Market Price------------- Rs 286.30
Target Price----------------------Rs 265
The stock has run into resistance between Rs 290 - 300, which has remained despite very high volumes, on a correction, it could fall till Rs 265 or lowers. keep a stop loss at Rs 295 and go short. if it does break Rs 295 and close above Rs 300, reverse and go long with a stop at rs Rs 290 and a target of Rs 320.

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