taking cues from overseas mkts, it were the bulls who took charge right from the beginning with a large opening gap and kept mkt firm throughout the day.
reason? huge cash buying to the tune of 1400 cr(cash prov.) and 1000 cr in f&o segment by the fiis.
diis were infact net sellers in cash.
this also caused another breakout from congestion pattern on upper side on the nifty eod price charts, the tentative tgts and sl's etc is as shown on the chart above.
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Tuesday, May 5, 2009
bulls on the rampage...
Posted by
abhay r somkuwar
at
8:04 AM
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