Wednesday, November 05, 2008

Todays trend - November 5th, 2008

With American Election results underway, showing a clear trend for Obama, stock market should rally!

Yesterday's prediction was on dot, it was sideways till afternoon, and certain press meets with PC turned the tide and market closed above 3100. The opening was below Mondays levels.

Today it should hover around 3200 levels till around 3 PM, and last minute buying should per up the market to 3300 levels.

Book profits in the evening. Exit, Realty stocks.

IT stocks will be in limelight. Small cap IT stocks would swing up. FMCG will swing up!

Long term - Hold on to Bluechips, that were bought since August 2006 and expected it to reach the peak again in next 18 to 24 months.

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