Money Tree

Yesterday the markets fell sharply because of some profit booking by traders. Today we expect some short covering in wake of expiry of june series of F&O sheduled on thursday and some bounce back may be seen as 10000 is a crucial support level. The market may tend to test previos bottom of 8800. The sensex is expected to swing between 9500 to 10500 levels for some time, before it marches ahead to acheive 11000 target.