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Thursday, 14 July 2011

www.redbulltrading.com : Traders shiver as Nifty plunges from highs

Thursday, July 14, 2011 3:58 PM
Traders shiver as Nifty plunges from highs

Inflation eases but one more rate hike on cards, Expect more volatility

Volatility is at its best on Dalal Street today as Markets danced to the tunes of players on interesting inflation data. Nifty behaved as if it wants to go down quickly.
Gainers Today
Saregama India Ltd., Pratibha Industries Ltd., Indowind Energy Ltd., Sun T V Network Ltd., Power Finance Corpn. Ltd.,PTC India Ltd., Glenmark Pharmaceuticals Ltd. are among major losers today.
Markets : What a day !!
Unbelievable day on the Street as stocks displayed heavy volatility. Last half hour showed immense bearish momentum. We expect markets to stay volatile going forward. Traders are adviced to stay cautious. Investors should start picking up stocks at these levels as macro economic headwinds are slowly subsiding.
Realty being our big bet in the coming days.Global markets are displaying heavy volatility and its options expiry weekend in the US and expect more volatility.

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