Cheers bulls. Market at Lifetime high. Update on market move.
We anticipated correction in the market at yesterday’s open.
Broader market corrected yesterday, IT stocks had given a good support to the NIFTY.
We anticipated lesser correction in Banks and IT. Both the Indices had moved up while the broader market corrected.
This reminds me of cyclic move and correction by individual sectors instead of NIFTY as a whole.
FII are seen buying in cash during this month.
It is advised to pick quality stocks at good risk to reward ratio.
As already said, market is due correction with some bad news but today market correction was saved by a good news on Govt Borrowing front.
Never do panic selling or greedy buying. Happy evening!
source http://gale.in/cheers-bulls-market-at-lifetime-high-update-on-market-move/
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