14 Aug 2008

1:45 p.m.
Do not add more to your already existing long positions and do not short either!
Option traders can buy calls of strike 4600 to 4700 -if they can afford, or if they have inadequate long positions.
The levels given in all our blogs are still relevant. Please check with them from time to time, and trade accordingly!
Thank you!


There is no holiday next week as erroneously mentioned in the post this morning. The error is regretted!
Thankyou!

9:30 a.m.
It requires a big push now to move past 4625. But there is no worry as long as 4300 is held. But do no add extra long positions at this stage. Just keep holding the existing ones. Those who were sitting on sidelines may enter either on a fall around 4450 or on a close above 4625.

Tomorrow is a holiday. So, we could escape the effect of weakness going on around the world at the moment. Moreover, the market participants of Gujarat and Maharashtra are also reeling under heavy rains. So, it could be a dull mood until these holidays are over!

Wishing you a happy Independence Day!