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A good rally ..........
It was a good week as the market started off with positive note on account of good results shown by Infosys and this helped in fueling a rally in IT stocks with participation of select mid cap IT stocks. Lower inflation number's also helped in lifting the sentiments.Today buying interested was seen in Bank, Realty, IT, telecom and metal stocks.Fertilizers stocks also rallied on back of news of normal rainfall prediction. The volumes also picked up and market breadth was positive.
For Nifty, 200 day moving average is 5011. We need to see Nifty closing above 5000 consistently for a few days . If 5000 is breached decisively and is maintained we would start buying in select stocks.
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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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