RBI keeps key rates unchanged. However, the tone is hawkish. Markets react.
A final bout of selling at close yesterday should have given a hint of things to come today.
We should be closing shorts today after holding them for a whole long week. Lets wait until closing and plan a strategy for the next settlement.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 1:50 PM
The shorts just do not seem to get tired of holding out. The bears are out with knives and daggers and what have you, but it is unlikely they will get to drag the index still further down. We hold out on the shorts another day in huge profits. With the long winding run from the 4750s to 5100s, this was bound to come anyways. What next! In another two days, we get to see what pans out for the November settlement.
Not much on US markets. They are a better avoid as of now.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:19 PM
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Tuesday, October 27, 2009
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