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What will be direction for nifty today ( tuesday ) ?

dipak's picture
Submitted by dipak on September 15, 2009 - 09:59

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Submitted by dipak on September 15, 2009 - 10:03. #

Nifty showed some interesting signs yesterday that made be believe that market will still away from any correction. While most us believe that a correction is imminent but investors are still expecting high returns means no selling yet.Yesterday while market opened lower it came back smartly with little loss. Small cap stocks in fact posted gains.

Today I am not expecting any losses infact we may stay flat and look for direction. Big operators waiting for news , more money can flow into markets FII and Funds are waiting on sidelines can come onboard .

I do remain concerned about valuation but nothing can come on way of market forces when momentum is strong.

 

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