Live Market

Tuesday, June 1, 2010

Our yesterday pre-market prediction went wrong due to global weakness

We posted yesterday that, our market today will open in gap up and it went wrong as the market today opened in marginal gap down.

we clearly mentioned that the global cue's need to support for this gap up opening.But the global cue's are weak..dow jones was down nearly 60points and the asian market is weak.The US market is 1%down all these facts favoured against our market and that was the cause of our prediction went wrong.

We have just exited all our longs and now we are in short and no wonder the market may turn anytime to a positional sell mode.


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