Market Review for 24th December 2009

Market Review for 24th December 2009

Nifty (4986) we said 'the market closed positive due to short covering and in the process has generated a reversal pattern that needs to be confirmed and I would say the market is likely to be up as long as 4950 holds' the market stayed above the 4950 mark and closed hugely in the green trapping the shorts as expected the market is likely to be up with profit booking coming in on the last day of the week before the long weekend…thereafter we go into an F&O expiry and the market is expected to stay subdued in the F&O expiry week.

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Link : http://www.onlineequitycalls.com/2009/12/market-review-for-24th-december-2009/

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