Profit with Phoenix as on 21/08/2009

Dear All,

The Nifty sell cal given by me today got its SL hit @ 4434. But the sell cal give @ 4412 came down till 4399 & gave a gap of Rs.13/-. By the later hours of market the SL was hit, i had written that Nifty shall be strong above 4487 so clients who went long above 4487 might have booked profit @ my resistance 4514 & above levels.

I hope the market to be week on Tuesday. Nifty has closed strong above 4523 levels, this shall be a gud support for a upside rally. We may expect a run way on nifty till 4673 levels. But if the global markets are going to be week we may again come down for my past levels.(Past levels shall be gothrough from the blog).

Ur valuable comments & suggestiona are welcomed, Investors/Traders can call me on 9894523386/9843974524 redarding market informations & doubts.