STOCK MARKET TODAY
Global cues led the market today. As today was contract expiry profit booking was seen at higher levels. Volume was good. FII’s were net sellers for 2500-odd crores!!! This was huge selling. I feel this huge selling may due to FII’s misgivings about the US GDP data that is to be released tonight. Technically in the price chart bearish pattern had formed. However any good news may give a U turn to the market. Let’s see what happens tomorrow!
STOCK MARKET TREND FOR TOMORROW
At last the world largest economy finally started to expand! US GDP data released tonight had beaten the street expectation. The projection was 3.2 but actual was 3.5!!! Surly we may see up move in our market. Now from tomorrow onwards our all domestic strengths come to play in the market I feel so. Let’s see what happens tomorrow.
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