Truly speaking today’s smart move towards 2nd half was engineered by some smart operators to make most of the loosing grounds during the recent past as bear operators were assured of crack down below 5050,inspite of the 6% fall in the dubai market and weak opening of European market .TODAY Peculiar session peculiar unpredictable volatility observed .but market today crossed many critical resistance like 5140 the level which almost all of the analyst recommended strong resistance in the near term .but our research team has rightly advised that these technicals will not matter for these couple of days. Any sustainable breach below todays close level will provide a severe heartbreaks for bulls who are in the full charge of today’s trading session. after trading close to the break even for first half of the day, market took a “U”turn .
.so tomorrow’s market will be no different from today. as we advised earlier do not waste your energy in predicting the market rather zeroed in on small and midcaps .our TODAY’s pick EDSERVE AND PRAJ IND gave safe and steady return .at the time of writing London(FTSE) was down 80 points while dow futures were also down by 67 points. so better watch tonite and take a fresh view tomorrow.
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