Thursday, May 27, 2010

May-Expiry

The expiry as expected is ahead as nifty's smart and strengthened move and close above 5000 levels clearly gives some confidence to bulls.Market could post some more gains from here and if all goes well bulls may back in action .Dow future suggests a good gap up opening tomorrow as well which could decide the fate of market.

Any breakdown from these levels may take nifty sharply lower but cues from Europe and US are suggesting some upside.Action was back in realty,metals and FMCG today.

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