Market View 25 September 2007

TARGETS ACHIEVED

OUR 1ST TARGET FOR 16800 ACHIEVED & SENSEX CLOSED WELL ABV THT LVLS. NEXT TARGET 17200.

SOME CAUTIOUS VIEWS TODAY & FROM NOW ONWARDS :

Markets do look quite heavy at current levels with more than 1lc crore open interest and two days of expiry. Traders should book profits to the extent of 40-50%.Out of the money calls on the nifty should be written.

The trailing stop loss: the level of 4900 is to be used for positional calls strictly if 4990 level is not achieved.

CONTINUE WITH OUR PREVIOUS POSITIONS & USE TRAILING STOP LOSS TO UR LONG POSITIONS.

MORE CALLS ON YAHOO MESSENGER & CHAT BOX PROVIDED ON THE RIGHT HAND SIDE OF THIS WEBSITE.

GOOD DAY , HAPPY INVESTING