Sudarshan : Momentum in markets is very strong. According to him, at this point if somebody enters the market the chances of losses are stronger than making money. Therefore, he is of the view that this is not the right time to buy. The current rally could well continue but the risk reward ratio is now completely skewed against the trader, he added.
It was a spectacular close to the March series as markets closed a tad above psychological 10,000 level on the Sensex. Sectors like capital goods and metals powered away. A bit of profit booking was encountered towards the end and Akruti City was one stock that got pounded in trade. The Nifty closed at 3,082 almost 100 points, while the Sensex shut shop at 10,003 up 335 points - this is the first time the Sensex has closed above the 10,000 mark since January 6
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