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EJ's Blog

Stay long for the week

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.

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