In the current market days Indian stock Markets are dancing in the tune of global sentiments and the trend is likely to continue bearish for coming days also. According to the analysts and dealers, the market trend is still bearish and short trades must have been initiated due to further decline in Europe and Asia. The stock analysts continue with their stance that market is headed towards 16000(BSE) and 4800(NSE) levels. The rally from 4950-5100 in June was mainly on account of short covering. There are not many shorts that would give a meaningful bounce back at current or lower levels.
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