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Friday, February 20, 2009

Morning update Fri, 20th Feb:

-ve open, use close TSL to short / PE positions. If TSL hit, prefer intra-day longs with strict SL till last hour. In last hour:- BTST: 2900PE, STBT: NF

Expect a weak open in accordance to Asian counterparts. However there are strong chances for some recovery post Indian open. The traders holding short / PE positions should use close TSL and in case of TSL induced exit one should prefer intra day moves till last hour of trade. In the last hour of trade, the traders should re-initiate short in NF and Feb2900 PE as BTST.


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DISCLAIMER:

Investment in stock markets is very risky(so it is always better to advise others than trading own). Any analysis is not 100% accurate and for best results, always check charts (?) before investing or trading. No responsibility is assumed for any adverse consequence resulting out of acting on them. Lastly, the blogger may have positions (opposite too) in the trades mentioned in this blog.