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Stock Market Trend 23rd Aug 2011 :- Today 22nd August short covering led the Indian Stock Markets to close with 1 percent gain. I believe that this is the first leg of short covering rally and the pullback rally may continue for some more days. Though 5200 level of Spot nifty is on the card now, but it may take some little bit more time after showing some remarkable troughs & crests. Remember this short covering is on the way mainly because of forthcoming monthly F&O expiry which is knocking at the door on 25th August , so still you have trade cautiously with minimum exposure, by booking the profit as and when required.

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Intraday Tips Updated at: 7:15 PM
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