As we assumed in morning market was down for the whole day, no big effect was seen by decrease in CRR by Finance Minister. Market is now totally dependent on FII inflows and outflows. For more details you can visit our Post Role of FII in Indian Stock market. Market ended lower led by sell off in oil, capital goods, technology, auto and power stocks, though they saw V-shape kind of recovery in the second half of session after the free fall in the first half of the session. Recovery was led by short covering as well as some buying in the overbeaten down stocks. At the end of the day:
Sensex:10581.49( -227.63 Points down )
Nifty: 3269.30 ( -69.10 Points down)
You might have earned by shortselling and intraday as we already predicted the market trend in the morning. Shortly we would come with our new research on the market and FII which would help you to predict the market trend beforehand and take care in investment strategy. So guys, Stay connected !
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