Thursday, July 29, 2010

Another flat day expected

F&O expiry is weighing on Indian marklets with the max pain pegging Nifty at 5400. Midcaps continued to fire and yesterday's clear winner was V-Guard. Stock jumped on huge volumes.

US Markets too continued to trade flat. Economic data continued to pour in pretty weak in th US. Watch out for a melt down soon. But for now corporate profits are running the show.