The market has jumped today,without completing its real down trend fully. As I had said too many good factors have halted market from correcting some more which was good for the healthiness of the market.In case if MARKET corrects some more due to THE FRESH SHORTS at much higher level because of this bounce, please buy some more HCL.
Long term trend of the market is Up. But Be cautious in short selling market.
Today`s only worry factor was please check BANK NIFTY.Today it made a high of 16325 @ 12.17 hrs but gave away the profit by closing after making a low of 16192 @ 13.23hrs. but closed @ 16262
it did not close @ high (16353) of the day it made @ 9.32 am.So owing to only three days of trading in this week, it is bit difficult to judge quality of the market move
but in cash 1400cr & in index future around 1040 CRORES & 600 crores in stock future have been bought by FII TODAY.A VERY MIXED FEELING....