Today's movement in the market was dictated by open interest which got either roll-over or closed today. Now, look around the globe, there is talk going on about recovery, US market DOW itself is going to cross 10K levels which has psychological value.
In India there was consolidation in the range of Nifty 4400-4550 for quit a few days, now it is time for us to take a direction. Corporate results are over and RBI is also done with their policies. Usually an investors mind waits for events to get over to take a call. Looking at the huge long build-ups in Aug future which is trading at 10 points premium to spot clearly says that one need to be in the long side at least for the 1st week of Aug.
- JK
0 comments:
Post a Comment