Opening Note: Profit booking on the cards
Wednesday, September 16, 2009 9:50 amBy ShareGyan.com NewsDesk
Markets witnessed a decent liquidity from FIIs and DIIs due to which the markets were somewhat close to that 52-week upward yesterday. Reportedly, a bit of profit booking in Wednesday’s trade is likely but the undercurrent still stayed to be bullish to a larger extent.
Liquidity is a major thing to expect, which has been the core trigger in Tuesday’s trade. A big spurt of liquidity in the cash and also the futures markets from the FIIs is going to be the pitch of the market after three days of quiet period.
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