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A good week with full of events...
Friday was an an important day on account of coming out of inflation figures and IIP. The inflation of 7.41 % is the highest we have seen for the past three year, and makets at first reacted on the down side but soon recoverd lost grounds after the anouncement of IIP figures which were higher than before and this helped markets to gain further and it closed on positive and after a long time we didnt see any panic selling at higher levels. Bank stocks remained subdued for the expecation of possiblity of CRR hike which would ttighten liqulidity and affects banks profitability.
Going forward market may break from the narrow range it has been trading for the past few days . If the breakout happens in up direction we may test water.
Till then have a nice weekend ahead and wishing you all best wishes for ' Navratras'.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.
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