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QUEENSTRADE

CHART
FOR 21 MAY 2012
NIFTY
SPOT 7 DAYS 30 MINUTE CHART FROM 9 MAY
TO 18 MAY
CLICK ON THE CHART BELOW TO
ENLARGE
MARKETS FOR
21ST MAY IT WAS ANOTHER DEVASTATING WEEK FOR INDIAN
MARKETS WITH NIFTY CLOSING THE WEEK ON
FRIDAY 18TH MAY AT 4891 BELOW
THE PREVIOUS WEEK LOW OF 4906. IT WAS
THE 4TH CONSECUTIVE WEEK OF LOWER CLOSINGS FOR NIFTY & WHAT IS
MORE ALARMING IS THAT NIFTY HAS NOT ONLY
CLOSED BELOW THE CRITICAL 61.8%
RETRACEMENT LEVEL OF 4949 BUT ALSO IT HAS MADE A NEW LOW AT 4788 ON FRIDAY. THE ONLY CONSOLATION
FOR THE LONG HOLDERS IS THAT THIS WEEK NIFTY HAS FORMED A WEEKLY HAMMER WITH THE HAMMER LOW AT 4788 EXACTLY AT THE WEEKLY
BOLLINGER BAND LOW. WHETHER THIS
DECEPTIVE HAMMER AT THE WEEKLY BOLLINGER BAND LOW HAS BEEN GENERATED TO HAMMER THE BALANCE OF
THE BULLS OUT OF SHAPE OR THIS HAMMER IS
THE EARLY INDICATION OF A REVERSAL OF THE TREND HAS TO BE SEEN DURING THE
COMING WEEK.
AS WAS MENTIONED MANY A TIMES IN THE PAST, ALL MOST
ALL THE EQUITY MARKETS OF THE WORLD ARE DANCING TO THE TUNE OF DOW & DOW’S
MOVEMENTS ARE TAKING DANGEROUS
SHAPES TO SEE MUCH BIGGER FALLS IN
COMING DAYS TO CORRECT THE ENTIRE RISE FROM 6TH MARCH 2009 LOW OF
6440 TILL THE RECENT 1ST MAY 2012 HIGH OF 13360. SO, ONE MUST BE
MENTALLY PREPARED TO SEE BIGGER FALLS IN DOW TO ADVERSELY INFLUENCE REST OF THE
WORLD MARKETS WHICH HAVE ALREADY BEEN BATTERED BADLY DURING THE RECENT MONTHS EVEN
THOUGH DOW WAS MADE TO RISE. AT THE BEST ONE SHOULD EXPECT A FLAT WEEK AFTER
FOUR CONSECUTIVE WEEKS OF FALLS IN INDIAN MARKETS EVEN THOUGH INDIAN MARKETS
WILL BE MADE TO FALL SOME MORE TO HAVE THE 5TH CONSECUTIVE WEEK OF
NEGATIVE CLOSINGS. THE RISE ON FRIDAY FROM THE LOWS OF 4788 TO A HIGH OF 4908
TO CLOSE AT THE DECEPTIVE HIGH OF 4891 WAS JUST TO GENERATE SUFFICIENT DOWN
SIDE SPACE FOR FURTHER FALLS DURING THE COMING WEEK.
EVEN THOUGH THE INDICATORS IN THE DAILY CHARTS LOOK HIGHLY
OVERSOLD, THE FACT THAT THE SAME INDICATORS IN THE WEEKLY & THE MONTHLY
CHARTS ARE DISPLAYING WEAKNESS. SO, EVEN IF THE INDICATORS IN THE
DAILY CHARTS MAY TRY TO PULL NIFTY UPWARDS, THE UP MOVE MAY FIZZLE OUT AFTER A
DAY OR TWO OF RISE TILL THE WEEKLY INDICATORS SHOW A TURN AROUND. HENCE BOLD
& RUTHLESS SHORTING ON EVERY BIG RISE
TOWARDS THE DOWN SLOPPING 200 DAY SMA NOW AROUND 5080 SHOULD BE THE MAIN THEME OF
SHORT TERM TRADERS. THE WAY INDIAN MARKETS ARE SUPPRESSED, EVEN THE BREACH OF 11TH
MAY HIGH OF 4976 MAY BE VERY TOUGH FOR NIFTY DURING THE COMING DAYS & THE DEVASTATING
MAY MONTH OF 2012 MAY BE ONE OF THE WORST MAY MONTHS IN THE STOCK MARKET
HISTORY.
FOR LONG TERM INVESTORS ALTHOUGH THE VALUATIONS LOOK HIGHLY
ATTRACTIVE FOR INITIATING FRESH BUYS,
YET KNOWING THE PATTERN IN WHICH THE ENTIRE WORLD MARKETS ARE BEING MADE TO
TRADE, IT IS ADVISABLE FOR LONG TERM INVESTORS TO WAIT A BIT AND ONLY INITIATE
FRESH BUYS IF SPOT NIFTY CLOSES ABOVE THE 200 DAY SMA AROUND 5080 FOR A FEW DAYS. INVESTORS ALREADY HOLDING LONGS MAY DO
WELL TO HEDGE THEIR POSITIONS BY BUYING PUTS
ON BIG RISE IN THE MARKETS IN CASE THEY ARE
UNABLE TO PART WITH THEIR BELOVED LONG HOLDINGS. MARKETS ARE DEFINITELY LOOKING
BAD & ONLY A MASSIVE COORDINATED OPERATORS
ACTION TO ALTER THE GENERAL CONSENSUS CAN SEE A FEW MORE DAYS OF DEAD CAT
BOUNCE ONLY, TO HAVE THEIR TRAPS WELL LAID OUT FOR THE BULLS AGAIN. WHETHER ONE IS A TRADER OR INVESTOR BUYING
& HOLDING PUTS ON MARKET RISE IS GOING TO BE THE ONLY SOURCE OF PLEASURE
FOR NEXT FEW WEEKS. SO DO NOT HESITATE
TO BOLDLY BUY AND HOLD PUTS ON EVERY BIG MARKET RISE.
AS PER ELLIOTT WAVE, NIFTY AFTER
ITS 1ST UP WAVE METEORIC RISE FROM THE 20 DECEMBER 2011 LOW OF 4531
TILL 22ND FEB HIGH OF 5630, HAS CORRECTED NEARLY 76.4% BY MAKING A
LOW OF 4788 ON FRIDAY AND HAS BOUNCED UP FROM THIS CRITICAL LOWS TOWARDS 4900+
LEVELS WHICH TECHNICALLY SEES SOME MORE UP MOVE. BUT AS LONG AS SPOT NIFTY
FAILS TO CLEAR & SUSTAIN ABOVE THE CRITICAL LEVEL OF 4922 ABOVE THE RESISTANCE
LINE JOINING THE HIGHS OF 4976,4954(AS CAN BE SEEN IN THE 30 MINUTE CHART OF
SPOT NIFTY ABOVE) SHORT ON RISE LOOKS
HIGHLY ATTRACTIVE WITH STOP LOSS ABOVE THE CRITICAL 4922 SPOT LEVELS. A FAILURE BY SPOT NIFTY TO TAKE OUT ANY OF THE
CRITICAL LEVELS OF 4922, 4954 & 4976 WILL SEE BEARS MASSACRING THE BULLS TO SEE NEW LOWS BELOW FRIDAYS LOWS OF 4788 OR BELOW THE CRITICAL 78.6% LEVEL OF 4766,
IN WHICH CASE ONE SHOULD NOT BE SURPRISED TO SEE 2ND JAN LOW OF 4588 & 20 DEC LOWS OF 4531 NOT ONLY
BEING RETESTED BUT ALSO BEING BREACHED FOR MUCH LOWER LEVELS DURING THIS YEAR
ITSELF. HENCE THE NEED FOR BUYING & HOLDING PUTS ON EVERY BIG DECEPTIVE
RISE OF MARKETS IS THE SAVIOR FOR TRADERS & INVESTORS.
FOR MONDAYS TRADING, ALTHOUGH THE SHARP INTRADAY RISE FROM THE LOWS
OF 4788 TO THE HIGH OF 4908 TO CLOSE NEAR THE HIGH AROUND 4891 LOOKS HIGHLY
BULLISH FOR MONDAY TECHNICALLY, YET ONE SHOULD NOT FORGET THE WELL CONCEALED
TRAP HIDDEN FOR THE BULLS TO JUST PUSH NIFTY ABOVE THE CRITICAL 4922 SPOT
LEVELS TO TRAP THE EAGER BULLS JUMPING ON A BUYING FRENZY. AS LONG AS SPOT
NIFTY DOES NOT CROSS THE RESISTANCE LINE AROUND 4922 TO SUSTAIN ABOVE IT,
BUYING SHOULD NOT BE CONTEMPLATED AT ALL. IN FACT SHORTING ON A FLAT OR MILD
RISE CAN BE PROFITABLE BY HAVING STOP LOSS ABOVE 4922 OR 4959 SPOT LEVELS. RISE
TO CROSS AND SUSTAIN ABOVE 4954 TO 4959 SPOT NIFTY ZONE CAN ONLY CONFIRM BIGGER
UP MOVE TO BE TRIGGERED BY MASSIVE SHORT COVERING ABOVE 4955 . EVEN THE BREACH
OF 4922 SPOT CAN WITNESS SOME SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS
HIGHER LEVELS. A FAILURE TO BREACH 4922 MAY SEE THE EARLY CASTRATION OF THE
BULLS TO SEE NIFTY SPOT INITIALLY FALLING TOWARDS 4861 FOLLOWED BY 4834 & THEN 4815 TO
THREATEN FRIDAYS LOWS OF 4788 TO SLIDE TOWARDS THE CRITICAL 4766 LEVELS.
THE LEVELS GIVEN ABOVE ARE
GENERAL IN NATURE AND MAY CHANGE FROM TIME TO TIME AS PER PROGRESS OF THE ASIAN
& REST OF THE WORLD MARKETS. EXACT INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES
& STOCK FUTURES AS WELL AS NIFTY & STOCK OPTIONS WILL BE SENT DIRECTLY
TO ALL SUBSCRIBERS OF DIFFERENT GROUPS BY SMS & YAHOO MESSENGER DURING THE TRADING HOURS AS PER THE PROGRESS
OF THE MARKETS.
STOCK FUTURES & OPTIONS TRADING FOR SUBSCRIBERS ONLY AS PRE MARKET MESSAGE & DURING TRADING HOURS
INTRADAY TRADING LEVELS FOR NIFTY FUTRS 21 MAY 2012 (NIFTY FUTURES
FOR SUBSCRIBERS ONLY AS PRE MARKET MESSAGE OR DURING TRADING HOURS)
(FOR SUBSCRIBERS BY SMS OR YM) FOR INTRADAY TRADING, NIFTY
FUTURE HAS INITIAL RESISTANCE AROUND TO LEVELS. BREACH
OF CAN TAKE NIFTY TOWARDS BREACH OF WHICH CAN TAKE NIFTY UP TO NEXT
IMPORTANT INTRADAY RESISTANCE AT . BREACH OF CAN TAKE NIFTY UP TO
CRITICAL RESISTANCE AT WHERE IT SHOULD FIND SOME PROFIT BOOKING BY
THE LONG POSITION HOLDERS. ABOVE NIFTY CAN MOVE UP TO THAT WILL GENERATE MERCILESS BULL
LIQUIDATION & RUTHLESS BEAR HAMMERING. ON THE LOWER SIDE NIFTY FINDS
INITIAL INTRADAY SUPPORT AROUND TO. BREACH OF CAN TAKE NIFTY TO
CRITICAL SUPPORT AT TO LEVELS BELOW WHICH NIFTY BECOMES WEAK TO RETEST OR LOWER
LEVELS . INABILITY TO SUSTAIN ABOVE WILL SCARE THE BULLS THAT MAY START THE
BULL SELL OFF & RUTHLESS SHORTING BY BEARS THAT CAN SLIDE NIFTY NEARER TO
LEVELS.
CLOSING LEVELS FOR SPOT NIFTY 21 MAY () CLOSING
SUPT CLOSING RES (FOR
SUBSCRIBERS)
STOCK FUTURES FOR MAY 2012 ( 10 TRADING JEWELS
FOR MAY 2012) FOR SWING TRADING SUBSCRIBERS
BULLISH
/ BEARISH CASH & FUTURES FOR 21 MAY 2012 :- - FOR SUBSCRIBERS
(BUY
IN BULLISH MARKET CONDITIONS ONLY& SHORT IN BEAR MARKET CONDITIONS
INTRADAY)
(SHORTING
& COVERING SHORTS, BUYING & BOOKING PROFIT POINTS FOR STOCK FUTURES
AND NIFTY FUTURES ARE FOR SUBSCRIBERS ONLY TO BE SENT DIRECTLY TO
THEM AS PER INTRADAY CHARTS DURING MARKET HOURS. )
1 TO 10.
FOR SUBSCRIBERS ONLY
OPTION TRADING
TRADING
ADVICE FOR SMALL CAPITAL TRADERS ( RS.15,000 TO
20,000)(ONLY FOR SUBSCRIBERS BY SMS & YAHOO MESSENGER) AS
& WHEN TRADING
1. TISCO 480 CALL
BUY AT--SELL AT--
2.TISCO 460 PUT BUY AT----SELL AT--
3. ITC 210 CALL &
PUT BUY
AT-- SELL AT
4.RIL 800
CALL BUY AT- SELL AT-
5.RIL 800
PUT BUY AT-SELL AT-
6.CAIRN 360
CALL&PUT BUY AT -SELL
AT-
7. NIFTY
FUTR BUY AT--SELL AT--
8. NIFTY
5500 CALL BUY
- AT- SELL AT-
9.NIFTY 5400
CALL
BUY-AT--SELL AT--
10.NIFTY 5300
PUT BUY
AT-- BUY AT
11.NIFTY
5200 PUT
BUY AT SELL AT
IMPORTANT
POINTS FOR OPTION TRADERS
AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING
1. DONT HOLD AND SIT
TIGHT WITH YOUR OPTION. TRADE EVERY DAY. SAY, YOU HAVE BOUGHT A PUT
OPTION AT 100, LETS SAY IT HAS COME TO 90, YOU DONT HAVE TO WAIT FOR
IT TO GO ABOVE 100 TO BOOK PROFIT, YOU SELL YOUR OPTION ON
MARKETS INTRADAY FALL AND THEN YOU BUY BACK THE OPTION
ON MARKET RISE AND POCKET THE DIFFERENCE OF AT LEAST 10 TO 15. AS FAR AS POSSIBLE
AVOID CARRYING OVER OF OPTIONS UNLESS YOU ARE SURE OF THE MARKETS NEXT DAY. IF
YOU BOUGHT A CALL OR A PUT AT START OF THE MONTH AT 150, YOU WILL FIND ITS
VALUE AT 75 OR LESS BY MIDDLE OF THE MONTH SO IF YOU HAVE NOT TRADED DAILY ,
HALF OF THE VALUE IS LOST BY MID MONTH.
2.WHETHER
MARKET GOES UP OR DOWN OR FLAT, OPTION VALUE WILL REDUCE BY AT LEAST 5 POINTS
EVERY DAY, SO TRADING DAILY AT LEAST GIVES YOU BACK THE DAILY 5
POINT AUTOMATIC LOSS DUE TO TIME DECAY. SO WRITING OPTIONS (SELLING FRESH A CALL
INSTEAD OF BUYING A PUT AFTER MARKET RISE OR SELLING FRESH A
PUT INSTEAD OF BUYING A CALL AFTER
3.
IF YOUR OPTION VALUE GOES DOWN BY 25% , BOLDLY QUIT THE OPTION. THIS WILL
PROTECT YOU FROM SEEING ZERO VALUE FOR YOUR OPTION. THE HABIT OF HOLDING ON TO
THE OPTION THINKING THAT IT MAY GAIN AFTER SOME DAYS MAY GIVE YOU ONLY 1
SUCCESS OUT OF 10 ATTEMPTS SO BE BOLD TO QUIT EARLY. (THIS IS THE MOST
IMPORTANT POINT IN OPTION TRADING, PEOPLE GENERALLY BOOK BIG LOSS IN OPTIONS
WHEN THIS GOLDEN POINT IS NEGLECTED.)
4.
DO NOT EXHAUST ALL YOUR MONEY IN BUYING OPTIONS. ONLY TRADE IN 60% OF MONEY AND
ALWAYS HAVE 40% RESERVE FOR OPPORTUNISTIC TRADES.
5.
THOUGH AVERAGING OF OPTIONS LOOKS VERY ATTRACTIVE, IT IS LIKE SLOW
POISON. AVOID AVERAGING AS FAR AS POSSIBLE. ADJUST YOUR MIND TO DO
REVERSE TRADE, MEANING IN CASE OF HOLDING 5000 PUT, SELL A
LOWER OPTION SAY 4800 PUT IN CASE OF FALL IN MARKETS & RISE IN PUT
VALUE, OR IN CASE HOLDING 5000 CALL, THEN ON MARKET RISE WHEN CALL VALUE
RISES SELL HIGHER CALL OF 5200 OR IF HOLDING A PUT, BOLDLY BUY A CALL
AGAINST THE OBJECTION OF YOUR MIND.
6.
THE ABOVE OPTION RULES ARE TIME TESTED AND MOSTLY FOUND TO BE CORRECT.
ALTHOUGH MOST OF THE TIME YOUR ANALYST WILL GUIDE YOU WHEN TO BUY
OR SELL BUT YOU ON YOUR OWN ALSO BE RIGID ON THE ABOVE
5 GOLDEN RULES FOR OPTIONS. YOU MAY FAIL ONCE BUT 9 OUT OF 10 TIMES
YOU WILL NOT REGRET.
7.THE
MOST IMPORTANT THING TO BE KEPT IN MIND IS THAT YOU MUST HAVE YOUR OWN MENTAL
MUST QUIT LEVELS SAY ABOUT 5 OR 10 POINTS TO AVOID BIGGER LOSS IN CASE THE
COMMUNICATION FROM ADVISERS SIDE FAIL DUE TO UNFORESEEN CIRCUMSTANCES.
8.IN
CASE YOU ARE HOLDING AN OPTION WITHOUT
STOP LOSS OR HEDGING & IT GOES BADLY
AGAINST YOU, THEN DO NOT PANIC, AROUND
THE END OF THE 3RD WEEK OF THE MONTH QUIT THE OPTION AND BUY THE
SAME OPTION OF NEXT MONTH AND AFTER THE MARKET HAVING GONE IN ONE DIRECTION, IT
WILL RETRACE SOME AMOUNT TO HELP YOU TO
GAIN IN THE NEXT MONTHS OPTION AS THE CURRENT MONTH OPTION WOULD BECOME ZERO IF
HELD AGAINST THE CURRENT TREND.
9.
THE MOST IMPORTANT POINT TO REMEMBER IN OPTION TRADING IS, IN CASE YOU HAVE
BOUGHT A CALL AND IT HAS GONE AGAINST YOU, THEN WHILE AVERAGING BY BUYING
ANOTHER CALL AT A LOWER PRICE, NEVER HESITATE TO BUY A PUT ALSO . MEANING EVERY
TIME YOU AVERAGE YOUR ORIGINAL OPTION, AT EACH TIME BUY AN OPPOSITE OPTION
ALSO. SO EVERY TIME YOU AVERAGE THE ORIGINAL CALL, AT EACH TIME BUY A PUT ALSO
ALONG WITH THE CALL . THIS PUT
INVARIABLY WILL BE YOUR PROTECTOR AS THE AVERAGED CALL WILL INVARIABLY
BECOME ZERO. REMEMBER THIS GOLDEN RULE.
Advice
for Stocks, Futures& Options (Intra day) Stop Loss not to be
fed but must be kept in mind to quit the position ( DATA GIVEN BELOW ARE SAMPLES & NOT THE ONLY FUTURES &
OPTIONS TO TRADE & MAY NOT BE
SUITABLE AFTER MARKET OPENS. SO TRADE ONLY ON PRICES SENT
THROUGH
Buying Trade:- FOR SUBSCRIBERS--SMS/ Y MESSENGER DURING TRADING HOURS
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SL. |
Name |
Buy at |
Stop loss |
Target |
Remarks |
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1 |
Nifty Futr |
Subscribers |
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Buying Point For Subscribers Only |
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2 |
Tata Steel Futr |
subscriber |
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DO |
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3 |
Nifty 5400 Call |
--do-- |
|
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DO |
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4 |
HDIL Futr |
--do-- |
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DO |
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5 |
Bank Nifty Futr |
--do-- |
|
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DO |
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SL. |
Name |
Sell at |
Stop loss |
Target |
Remarks |
||
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1 |
NIFTY Futr |
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Also Short boldly if spot NSE cross -- level(level for subscribers only) |
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2 |
Tata Steel Futr |
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Subscribers only |
|
3 |
Rel Capital Futr |
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Subscribers only |
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4 |
HDIL Futr |
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Subscribers only |
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5 |
Bank Nifty Futr |
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Subscribers only |
7. DAILY, WEEKLY & PRE MARKET NEWSLETTER
(EXCEPT
FOR A
(From Calendar
Date to Calendar Date from 1st October 2010)
(Please add Rs.100/- per month if tips by sms And
+ Rs.169/- for cash deposit in ICICI or Rs.110/- for cash deposited
in HDFC Bank respectively
|
Services |
Monthly (Rs.) |
3 / 6months (Rs.) |
|
SMS On 1.Futures, Options& cash(2each of nifty futr, options & stock futr, options & cash)
2.Only Nifty Futr&Options(2NiftyFutr+2 nifty option.Intraday Trades as per graph,Sure shot if no carry forward)
3.For Options Only (Both Nifty & active stock options)
4.Guaranteed A. (Both stock & nifty futr & option,subscription refunded in cas no gain) Only 2 high margine stock Futrs,2 nifty futr & 2 Options Tips in a Day.Traders with At least 3 To 5 Lakh Capital Only To Enter This Scheme
B. GUARANTEED WITH 1 STOCK FUTR, 1 NIFTY FUTR AND 1 OPTION TIP DAILY
5.Profit Sharing (Only Guaranteed Nifty Trade of Minimum 5 lots trading in small batches of 2,3 & 5 lots at a time + STOCK FUTRS of 1 lot at a time
6.GUARANTEED
ASTRO(as per individual horoscope we will make) 7.ONE TRADE SURE
TRADE Intraday – As per your choice of stock futr or nifty futr or any option
|
1. 2500
2. 2000
3.1500
4A.10000
4B. 4000 (Please add Rs.100/-for Tips by mobile sms to all 5 above)
5. 2000 (entry fee) 20% OF TOTAL DAILY PROFIT TO BE TRANSFERRED SAME NIGHT
6. 7000 PM 7.
3000 PM
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1. 6500(12000 for 6 months)
2. 5000(9000For 6 months)
3. 4000(7500 for 6 months)
4A. 25000(3 MONTHS)
4B.
10000(3 MONTHS) (Please add Rs.300/-for Tips by mobile sms to all above)
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Yahoo id:-- pikpot
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