It was an Unexpected rally in the Indian markets. Index zoomed to close nearly 3% up. Indian markets after the betting that we saw yesterday, today opened almost flat, sinked to the negative zone, but regained the lost strength, and closed near its high. For most of the day the markets remained high. Post opening of the markets, indices surged. In the early trades buying in RIL, IT & Realty helped the Indices to close past 15000 and 4500 mark in Sensex and Nifty.
It was totally an unexpected rally.Techincally the markets were not looking that strong, but still the buying in the frontline stocks helped the markets to surge. I would like to inform all the readers of this blog, to stay cautious in the market. Trade with SL, do not carry forward too much position.
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