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Last Updated : Aug 20, 2015 09:25 AM IST | Source: Moneycontrol.com

Market looks weak, crude related stocks can do well

There were Fed minutes to be released, there was bit of a crackdown in crude prices and European markets yesterday when we were closing were almost at the low point of the day.


Thursday morning pre-market set up looks extremely bearish, yes, extremely bearish is the sense it gets. This is a market which has been driven by futures & options (F&O) flows and yesterday if you were listening to me in closing bell, clearly the point was made that the market, the smart money was preparing for a gap down today morning. The reason was simple there were Fed minutes to be released, there was bit of a crackdown in crude prices and European markets yesterday when we were closing were almost at the low point of the day.

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First Published on Aug 20, 2015 08:21 am
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