Thursday, January 28, 2010

Market at Cross Roads

Markets had lost all the crucial supports and experts are predicting deeper correction.
However, they are in extremely oversold territory and in the last leg of F&O expiry. Hence a rebound is on cards. The rally may be used for getting out of long positions, as the trend may become bearish for short term players.
Correction can be used an opportunity for fundamentally strong scrips at lower valuations.

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