Even though a correction was anticipated but fresh buying started towards the Nifty EOD levels which gives some promise that 4670-80 might act as support.
One must be cautious with going long.
There has been Sector specific move oflate with only few raising a toast to the occasion. IT & Realty pack have performed quite well. Thus, are more prone to correction.
Also, it could be MF doing the accumulation. Some NSE disclosure suggest heavy insider selling in DLF, Lupin, Oracle Financial, IL&FS Investment Managers 1, 2 and 3, Ambuja Cements 1 and 2 and Aptech
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