HomeNewsBusinessMarketsImportant day for mkt to maintain momentum

Important day for mkt to maintain momentum

Udayan Mukherjee, Managing Editor, CNBC-TV18 says that ofcourse the average on the closing was still 5,750 but that may have raised hopes that there could be some short covering after all and it may not be a one way breach of that November low like it looked scarily at 3o’clock.

January 12, 2011 / 09:12 IST
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The last half an hour raised some hopes for the market because just when we were languishing at 5,700 with a real threat of breaking below that, we got a pullback and it brought us back to 5,800.

Udayan Mukherjee, Managing Editor, CNBC-TV18 says that ofcourse the average on the closing was still 5,750 but that may have raised hopes that there could be some short covering after all and it may not be a one way breach of that November low like it looked scarily at 3o
first published: Jan 12, 2011 08:58 am

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