The market surged today in line with its global peers. Today's rally was led by realty, capital goods and metal stocks. Experts feel the market is headed higher and bulls are in charge now. Sensex shut shop at 15628, up 387 points and Nifty at 4642, up 114 points from the previous close. CNX Midcap index was up 2.29% and BSE Smallcap index was up 2.83%. The market breadth was positive with advances at 1049 against declines of 222 on the BSE.
House View: We predicted it! It was on 19th August when the market was: Sensex at 14809, down 225 points and Nifty at 4394, down 64 points.
"We expect to see 15800/ 4680 in next few days. This is a contra call to what all the market analysts are saying."
It feels good to get it right!
Disclosures: No personal holdings
Part of the Dream Weave Walk Network 1998-2010
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