the markets are looking for consolidation
usually after a heavy fall such as what has happened this week the market tends to consolidate and then move on
what direction it will take is not clear as of now a lot will depend on the gloabal cues
the US market continues to slide downwards as the solution to the us debt crisis is nowwhere in sight
all this has made the entire world market subdued and all indices are either trending downward or in a state of a limbo.
the earning season is turning out to be mixed bag
market haeavywiegt itc came up with good set of numbers and the stock will react positively in the short and ,medium term on the same
so traders can create long positions in the same
icici is coming out today with it numbers looking at history thet will be good nos
expect the banknifty and the stock to react positively
so what is my outlook for toaday
well i expect the market to be in stste of consolidation and if there is no negative news the market should trend upwards
i am long on the market and advise the same to all
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