Thursday, January 19, 2012

Morning Market View 19 Jan 2012

Market likely to continue with its upward momentum after the brief pause yesterday. The pull back rally has now moved nearly 10 percent on the frontline indices. Partial profit booking is advised for investors. Even if this turns out to be the beginning of a new bull market, some consolidation or correction can be expected soon. Traders may however continue with their long positions keeping a strict stop loss.

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