March 8, 2011
How to tackle this market?
Markets ended on a high note today with Sensex ended at 18441.11 up 218.44 points or 1.20 per cent and National Stock Exchange s Nifty closed at 5521.90, up 58.75 points or 1.08 per cent. Markets were upbeat after the crude dropped by $2/barrel and news that OPEC is taking steps to boost production. Markets so far in this year have been trading in this fashion. They will fall sharply on some negative news and then they will recover from there to hit the resistance. After hitting resistance, they will fall again.