Thursday, December 22, 2005

Pause Mode For The Market

The markets had a strong early session. Amid a very volatile session with intraday movements of more than 150 points the markets met with selling pressure towards the mid session. After a high of 9423 the sensex tumbled closing for the day down 7 points at 9339.

Looks like a pause for the markets before the next move happens. What we have to figure out is if this is a pause before the next bull move or if a correction is imminent. As for now we maintain a bullish outlook.

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