Saturday, October 28, 2006

To be or not to be

We came out with a very strong buy call at 9900 level. At that time we believed that the market would go to 1300-13200 level. But at these level (13000-13200) some profit-booking should be done. One should look at re-entering after 500-700 point corrections. "I expect some correction despite the fact that FIIs are pumping in money and Fed did not alter the inetrest rates."

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