Stock Market views – Along with experts…
The benchmark indices saw a significant sell-off in today’s trade and closed the session sharply lower due to cues from weak global markets, which tanked on renewed concerns over financial system. Profit booking was seen in rate sensitives, infrastructure, telecom and oil & gas exploration. The Sensex broke the 11,000 mark during the day while the Nifty closed below the 3,400 level.
Talking about the markets , with a combination of three factors: global epidemic concerns over swine flu, tomorrow being expiry and anxiety over corporate earnings growth. “All of those are playing on the market’s mind. People are taking some profits ahead of the expiry Technical view
It’s the time one should sell out instead of long way adding that the level to enter the Nifty should be between 3,250 and 3,150.
In conclusion, however the uptrend is intact and so long as we do not break 3,125, the short-term and the medium-term uptrends are intact. If 3,125 breaks, then we will have to bail out of all long positions,”
expert views…http://www.moneycontrol.com/mccode/news/marketnews/more_mktnews.php
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