Moving to Cash

The Sensex crossed our expected target of 14950 to hit 14964 and thereafter it broke 2 criteria:

1. Broke the lows of yesterday.
2. Also came very close to the falling channel.

Accordingly we have started moving to cash. We closed out all our positions in RAICAL at 41 and sold 25% of our holding in MORGOK at an average price of 491.