The market missed the all time high on Friday due to Asian market weakness. Our market lost it’s leadership to move up on it’s own strength but taking leads from global run-up. The smallest correction is hampering the upward move. The heavy weights except ABB, RIL, SBI, RCOM and Bharti lost their up ward momentum can lead to a strong correction. The operators are propping the stocks by buying in Mid-caps. So the Nifty will take the reversal journey any time from now if it fails to trade above 4189-4191 range. For the time being off load the positions and re-enter after the money collection issues are over.
Please find time to post your comments to enrich the investors.
Saturday, May 19, 2007
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1 comment:
If the smallest global correction is hampering the upmove, then logically when global markets currect deeply, there may be even bigger deepcut for the Indian markets
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