|
The rally fizzled out as usual......
Market opened up with up side gap on account of strong global cues from US and European market.
Market remained firm at higher level throughout the day but fizzled out in the late trading session. The afternoon session saw profit booking and sell off from the Institutional players. Fear of bounce back in crude oil price and global uncertainty prompted the market participants to book profit.
Going forward if the cool off in commodities and crude oil continues we may see this pull back rally going to higher levels.
__________________
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.
|