Saturday, June 12, 2010

Indian market trend for the coming weeks

INDIAN MARKET TREND IS NOT WEAK . BUT NOT ENOUGH FUEL TO RALLY ....
BUT IF GLOBAL MARKET SUPPORTS AND INFLATION DATA COMING WEEK IS GOOD(90% NO CHANCE) CHANCES ARE THERE TO BREAK 5200 LEVEL BUT VERY VERY HARD FOR OUR MARKET TO STAY THERE
INDIAN MARKET MAY HAVE SOME HUGE GOOD NEWS AND RESULTS BUT THE FACT IS WE TOTALLY DEPEND ON GLOBAL MARKET & ECONOMY UNLESS GLOBAL ECONOMY SETTLED THERE IS NO BULL RUN ONLY CHANCE FOR BEAR TO HIT @ HIGHER LEVEL

THERE IS NO ANY FRESH LONG POSITION AS OF NOW . SHORT COVERING AND SMALL RALLY IN SOME SECTOR HELPING INDEX TO BE IN GREEN ON Friday .

ONE HAS TO WAIT UNTIL MARKET EDGE HIGHER WITH CLEAR TO TAKE LONG POSITION TILL THEN SHORT @ HIGHER LEVEL

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