Wednesday, November 7, 2012

Market Up : Obama Boosted Up The Rally

Global and local market seems to be very happy so as the investors and traders, reason is market is boosting up and celebrating Obama's Victory round the world. Barack Hussain Obama re-elected as US President against Republican challenger Mitt Roomney which gave market a new life all over the world as whole world was eyeing on this sensational event, so as the market. 

NSE Nifty rose 35.70 points to close above 5750 level at 5,760.10, helped by short covering and build up of long positions. 

The market gained for the sixth consecutive session today, breaking out above the 5730 - the range that we have been seen in last few days. Even the volumes increased to Rs 1.87 lakh crore, which was quite high compared to last few days. 

Share Market Trend for Tomorrow 8 November :- 

Market today gave a good closing, both the indices gave a good trade and returned smile on all trader;s and investor's faces. Market for tomorrow is expected to be in uptrend, market may open higher but can give some volatility signals in the mid sessions. 

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Posted By Commodity MCX Tips