Stock
Market Trend 23rd Aug 2011 :- Today
22nd August short covering led the Indian Stock
Markets to close with 1 percent gain. I believe that this is the
first leg of short covering rally and the pullback rally may continue
for some more days. Though 5200 level of Spot nifty is on the card
now, but it may take some little bit more time after showing some
remarkable troughs & crests. Remember this short covering is on
the way mainly because of forthcoming monthly F&O expiry which is
knocking at the door on 25th August , so still you
have trade cautiously with minimum exposure, by booking the profit as
and when required.