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Wednesday, February 18, 2009

Morning update Wed, 18th Feb:

Weak open, traders may go short with TSL for tomorrow open. The trade below 2750 could trigger further down move.

Expect a weak open with gap of 25-30 points and traders holding shorts / PE should add TSL at open itself. The trade below 2750 could trigger yet another down move for 2.6 K levels. In spite of some intra-day corrections, the traders may carry shorts /PE for tomorrow.


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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.