Market Summary

Yesterday Bounced back continue today market ended firm Nifty was full 62 points up and sensex full 186 points up. Nifty closing at it all time high. Does this mean that we moving towards 15000 straight without any correction. I dont think so there should be a correction minimum 500 points for the sensex to reach 15000. Today jump was not expected however it manage and remember it was short and nothing else. Market is showing tremendous strength but because of foundamental but because of technical. We are standing at a point where any bad news can hit the market badly. Today's jump was suprising because there was a 300cr sell provisional figure from FII. I need to check how correct was that provisional figure.

Among the stock all the sectors perform well today Satyam as expected was up by Rs 15 at 455 remember it after the split. so it is above Rs 900 now. Interesting move was made by TATA STEEL after mid-day Trade. It is imoportant that it maintain the rhythm because this stock have fallen a lot.If the market is expected to go up i find this one pretty interesting.Infosys was weak throughout the day but rising market did not allowed it to fall and it continued it rise still closing in negative territory.

Important things to see today is how nasdaq will fare and the FII figure. These will decide further move about the market. Just be careful before taking any position, do not get carried away by the momentum. Markets are at high level you get stuck here it will be difficult for you to book your loss forget about the profit.