|Posted by EJ on September 6, 2010 at 2:34 AM|
Last Friday's job data soothed the nerves of the mkt across the globe. A 57K drop as against the expectation of over 100K was definitely better. Asian stocks gained so did Indian stocks. CRB commodity index is showing a clear uptrend and gold is down. Sanghai steel prices touched upper circuit. Next whole week there is no major primary data due. So expect a short yet firm rally along with profit taking. Move into index majors where exit will not be an issue.