With the help of positive sentiments from global markets, there is a good chance that today our markets may finally break past the 5940 hurdle. If this were to happen then chances are that we might move higher very fast given the background of pessimism prevailing on account of rising inflation and crude prices. This has resulted in a lot of cash lying on the sidelines and also significant short positions in the system. F & O expiry tomorrow may further boost short covering in the event of a break out. Stay invested and consider adding high beta stocks to your portfolio in case of a break out.
No comments:
Post a Comment