Wednesday, October 24, 2007

Market consolidates after sharp rise

Key indices ended flat today after a volatile session ahead of the current month futures and options expiry on Thursday.

Equities rose early in the session extending previous day's gains, but profit booking at higher levels wiped out all the gains mid way through the session.

We saw a small correction today after yesterday's sharp rise. But the trend is positive, and will only turn weak if Nifty breaks 5245 is the general opinion of Stock Brokers.

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