Strong reaction across the board on Fed $600b stimulus plan. Oveseas and commodity strong run after 10am on HS ( +400) cues , on expectation of cheap money inflow, grabbing up “risker” asset. But, fbm like a dead cat., no major drag by any one counter but just ‘diwali” break. Fkli maintains premium but stuck at the mid point of 1510-20 band…given externals strength…..20 seems more “appropriate”
Still, mkt is on course to reach record lvl next week. Immediate support is raised to 1510. Breakout above 1520 is see as a major fresh buy signal.
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