UPDATE FOR 6TH DECEMBER CLOSING

MARKET CLOSED AT 5992  DOWN AFTER TOUCHING HIGH OF 6069.45 MAINLY DUE TO SHORTING IN BANK STOCKS, THIS AFTERNOON DUE TO RISE IN BOND YIELDS AND LOWER BOND PRICES AND HANGOVER FOR RBI MEET SUPPOSED TO BE HELD ON 15T DECEMBER.


THOUGH NIFTY IS UNDERTONE BULLISH, ITS CORRECTION FROM ITS INTRA-DAY HIGH SHOULD BE CONSIDERED HEALTHY. 


DUE TO UNCERTAINTY IN BANK STOCKS AND & WEEK GLOBAL CUES, TRADERS CONSIDERED 6070 AS STRONG RESISTANCE TO CROSS OVER MARKET SOLD OFF FOLLOWED BY SELL-OFF IN MID-CAPS ALSO.


HOWEVER THE MARKETS REMAIN BULLISH AND DESPITE VOLATILITY IT WILL FORM NEW HIGH IN THIS DECEMBER ONLY............


THERE REMAINS THE SMALL CAUSE OF WORRY , RBI TO ACT IN FRONT OF BANKS LIQUIDITY CONCERNS.


GLOBAL MARKETS AS USUAL REMAIN THE GUIDE FOR US.....................................


METALS SHINES WHILE BANKS SOLD-OFF................BUT NOT BEARISH ON BANKS....  RATHER WILL BE BUYER IN ALL BANKS, INCLUDING PSU BANKs...............


MARKETS WILL REBOUND AND WILL HOLD GOOD IN FUTURE.............................


HOLD YOUR LONGS..........................................


DON'T WORRY,,,,,,,,,,,,,,,,,, WE SHALL BE POSITIVE TOMORROW.....................


SOME TIME IN THIS WEEK NIFTY WILL TOUCH 6120++++++.................................









Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

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