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2008-07-29, Hi,
5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.
But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.
Thanks
Regards
ShareTipsInfo Team
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