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Monday, January 27, 2014

UNIONBANK



UNIONBANK is trading in a range since last five odd months and today it has given an indication of breaking down. As mentioned earlier, taking into account of the event of RBI policy announcement, we have to trade with utmost caution. Today’s close is at 110.65 and one can go short on this stock BELOW 109. Targets can be set for 106& 103. A Stop Loss can be maintained at 114. Please refer the chart below for better understanding.




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