Sunday, November 23, 2014

Is Mumbai Stock Exchange sentiment driven?

While likelihood of Asian and European stimuli by respective central banks seem to trigger buying in international markets; protracted lingering of positive sentiment seems to differentiate the Mumbai Stock Exchange. The bidding up of the market is yet to be followed up by real economics or concrete reforms. Can a financial market survive merely on positive sentiments?
For a smart trader, may be a time to book profits?

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