Market has reached a very strong psychological barrier which may not be easy to cross. On the way down too, markets had stopped in the 5100-5200 range a number of times. Stay invested and use declines to buy into companies enjoying leadership position in their respective segments and low leverage on their balance sheets. From a trading perspective some profits can be booked at these levels.
Friday, September 9, 2011
Morning Market View-9 September,2011
Market has reached a very strong psychological barrier which may not be easy to cross. On the way down too, markets had stopped in the 5100-5200 range a number of times. Stay invested and use declines to buy into companies enjoying leadership position in their respective segments and low leverage on their balance sheets. From a trading perspective some profits can be booked at these levels.
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