Post Market Readings :
Disappointing IIP data, global cues drag Nifty below 6100
Sensex plunges on weak global cues; RIL, SBI, NTPC, LT dip
Nifty southbound; Hindalco, SAIL, HDFC, Rel Capital dip
IIP data shocks Nifty; cap goods, metals slip
Sensex slips further on Asian cues; RIL drags
Global Market Update :
World stocks up, dollar down; emerging flows intact
World stocks up on Fed easing bets, dollar bounces
Fed boost priced in, Wall Street ends flat; Crude slips below $ 82 mark
London shares ease as traders wait for fresh stimulus
What to expect on 13/10/2010
Genie advices small investors to remain cautious as the Nifty is at the crucial level. Market correction is inevitable and it is a part and parcel of a healthy market. Genie expects the market may correct upto 5980 levels and would have a support at this level and bounce back.
Genie advices investors to have a stock specific approach.