The short term trend is DOWN now...As long as we are below 5300 traders can remain short..
FIIs have bought every single day from Feb 26 (Budget) till yesterday...they have bought around 18000cr...yesterday they sold 755 cr...the first day of selling after Budget day
It is very interesting to watch their actions over the next few days...The Goldman Sachs scandal could be just a temporary blip...or it could be an excuse to once again trigger a flight to safety...
Tuesday, April 20, 2010
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