SENSEX finally closed above the 17K mark today. Technology and Metal stocks were the start performers today. Infosys was up 5% today, while Sterlite Ind was up by 9%. Reliance Petro was among the major losers today.
Technical Analysts Ashwani Gujral is of the view that the long term fundamentals are still positive but the markets may consolidate in the near future.
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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