Market View 20 Feb 2008

BOOKING PROFITS HELPED @ HIGHER LVLS,

As we had mentioned on our last updation on this website on 18 FEB 2008, profit booking was advised @ higher lvls around 18400 - 18500 lvls & we had clearly written tht if markets r unable to close above tht lvls we can soon see 17900 & 17400 lvls, the same lvls for Nifty r 5250 & 5100 respectively.

Hope we had helped u book profits in our short term technical calls in sectors like Reliance pack, Banking stocks & Engineering stocks, timely entry & exit lvls helping u.

4 those who r unable to book profits we had asked them to put trail stop loss of 17900 & 5250 lvls for Sensex & Nifty respectively, ny close below these levels wil bring some more selling pressure in mkts.

Fresh buying calls will be updated later, traders pls take care in ur trading postions as ur sl & tg both can be hit in this volatile mkts.

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Equity Advisor ~ Allies Financial Services
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