Thursday, June 4, 2009

MY VIEW

Today market closed just above previous close.I expected a negative ending today.President speech and low inflation data should have boosted market today.However I still expect a correction before another rally.Technically in the chart there is no sign for further rally, even though the sentiment is good, the strength is absent.
Today I short suzlon at 123 and covered at 136 with loss.As this stock rallied for past 3-4 days I thought it would correct today but I was wrong.A gain tomorrow I expect correction. Let's watch what happens.
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