For 11.01.08

Hi there,

First of all I must say sorry to Mr. Mahesh. I misunderstand him.

Okay, To-day was heavy profit booking and I was expecting it a bit later. Below is cut paste of ealier post

Before Posting see below what I wrote on 11.12.07.

"Well, The round figure mania is working here for sensex, 20000. but, in fact I will be alert as soon as sensex touches 20,900 -21100. From there it could face some selling. For Nifty its 6170 to 6200. After that we can see nice move. "


Yes Nifty Made a High of 6185.40 and went down to 5676. Now, today Sensex made high of 12206 over shoot of 100 points which were given one month ealier. In fact I am expecting a fall of less points because the impact of my given numbers have 25% for sensex as It done the same along with nifty earlier.

Now, What I missed was upper chennel. yes you draw a line connecting high of sensex from 2004 and you will find that market moved down from that line.

Anyways, Midcap are under pressure. I will watch 2morrow before commenting.

Bye for now

Kailash Pareek
09864030931