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Mkt unlikely to sustain gains after gap up opening: Bhamre

This article was posted on Apr 9, 2009 and is filed under Press Releases

Siddharth Bhamre, Angel Broking: The market might open gap up but is unlikely to sustain gains. I would not advise investors to open fresh shorts now. Data suggest that FIIs have created fresh shorts in stock like SBI, Bharti and ONGC.

Devesh Kumar, Centrum Finance: The last leg of the current rally is largely liquidity driven. There could be some volatility due to the elections. Profit booking is expected around 3400 on the Nifty.

source: moneycontrol

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