Narration for free newsletter for 31st January 2007

We bought near Nifty spot 3880 at 10:15 am on 11th Jan & have quit around 10:15 am on 19th Jan near 4094 spot index. The world markets are getting overheated and profit taking is coming at higher levels everywhere and in such a case it is better to be out. So we wait there. Patience is which might pay us here.

Nifty is just sideways at the moment

Markets are sidways in India. They have gone up quite a lot but it seems they are going to take time before they start their rally again. The best course we think is that they will stay here for sometime before they resume their journey again. The clearing day is tomorrow on Thursday and after that they might regain their rally.

Market view for Monday 22nd Jan, 2007

We bought near Nifty spot 3880 at 10:15 am on 11th Jan & have quit around 10:15 am on 19th Jan near 4094 spot index. (Enjoy the profit of around 200 points in Nifty till then.) Now we will wait for clear signals before we take the next position