The market opened with an upside gap and closed almost 3% up.
Nifty closed @ 5470 up 150 points and Sensex closed @ 18235 up 507 points.
There does not seem to be any particular reason for the up move other than the obvious oversold positions and the sudden buying in all the front line scrips by the institutions.
Good time to get out of the long positions slowly - No sense in buying into this market , as you will get them lot cheaper in a few weeks time. Wait for the Q1 results - expected in the next 3 weeks before making your new buying.
Nifty closed @ 5470 up 150 points and Sensex closed @ 18235 up 507 points.
There does not seem to be any particular reason for the up move other than the obvious oversold positions and the sudden buying in all the front line scrips by the institutions.
Good time to get out of the long positions slowly - No sense in buying into this market , as you will get them lot cheaper in a few weeks time. Wait for the Q1 results - expected in the next 3 weeks before making your new buying.
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