Monday, June 29, 2009

Market summary

Market staged a rally today but volume was anaemic. The holiday week is having its effect and end of qtr/6 months window dressing is also going on. I guess real direction will be picked by market only after july 4th weekend till then its bunch of bots struggling over each other. Sector wise Oil/Ag led higher while bio techs were lower.
Personally I took just 1 trade UPL short and booked some profit on it intraday and would be light tomorrow too. Its probably a good idea to day trade or just sit aside till a better picture emerges for swing positions.
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