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Tuesday, June 12, 2007

Turn positive while seeing market in negative

If Ashok Leyland drops another rupee and a half it will be at a 52 week low, so that’s also makes a very good stoploss for investor; not that there is a great chance of recovery from here but investor can at least hang on to it in the hope that there is some sudden demand for auto stocks and keep a stoploss of Rs 34.5. Chances are it will probably get hit if the market corrects."

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