Daily Commentry 23rd Jul 2008

While I am writing the market is at 14700 levels up about 600 points as on 23rd July 2008. The market has achieved the rally target of 14700 as mentioned by me on Tuesday July 15th in Daily Commentry. Now, I expect that any further move can be a trap thus one should start booking profits as Market is in a Bear phase. The trigger for the fall this time can come from the US markets with Dow starting to fall.