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Thursday, November 5, 2009

Equity - NSE / BSE

Buy Gitanjali at CMP 112 with targets above 119 and 125 (Daily)
Buy Titan Cmp with targets Rs.1349 and 1370 following 1440 (long term) (Daily)

----- Gold HVY index has broken its strong resistance, Gold stocks are still undervalued.
Prices should move higher following the Rise in price of gold, after the $18 bln USD claimed to have been spent on research.
Gold stocks can be held for long term basis, our initial target of gold remains at $1200 USD per ounce .
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