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    Friday, May 7, 2010

    mkt ahead...

    there was some hope of a small pullback today but, due to the disastrous dow reaction yday and getting volatile due to reliance supreme court verdict today, which ruled in favour of ril.

    the mkt has become more bearish and volatile. thankfully the cut is not as deep as the US mkt.

    right now 5000 is being held in intraday.


    current near term support seen around 4950 closing basis. its to be seen if it holds in coming days.

    3 comments:

    rajamani said...

    hi abhay

    market turned as per your view but after hitting the s/l

    rajamani

    abhay r somkuwar said...
    This comment has been removed by the author.
    abhay r somkuwar said...

    rajamani, well its that kind of a day!:), hence only risky traders(since its against the trend), however profit in earlier trade due to hedge on nifty:)

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