Friday took the Nifty up 1.5% and ended the week up marginally (0.95%) from last week. The trigger was probably the news of the Greek bailout, though the euphoria seems to have died in the west with the Dow reversing course. The very narrow range the market is in (5540 to 5640) is probably because the RBI action next week (Tuesday) is awaited, and there’s an expiry week ahead. Watch your stop losses.
(Thanks for the idea to dshort.com)
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