With Bears dominating the major part in yesterdays trade a slight recovery in late trade gives us a hope of a positive outlook for today
US markets yesterday were fully under bears control as the investors dumped the shares on worries about financial firms, while concerns about the economy also were fueled by weak housing data, rising wholesale prices and weak results from several retailers.
Asian markets opened mixed and flat and some indices are marginally down but it looks positive considering the performance of US markets
Crude gained yesterday nominally and is trading above 114 $
We expect markets to open flat to marginally down , but we see some recovery in the markets as the local sentiment looks good and the Asian cues seems convincing , we advice not to short in the days markets, some of the stocks to be in limelight are CHAMBAL FERT, POLARIS , Aviation stocks also to be in limelight as the KINGFISHER-DECCAN AIR got approval to fly abroad. Sugar stocks which gained yesterday may continue the rally today too. Keep and eye on TEA stocks as they look attractive view demand worldwide.
US markets yesterday were fully under bears control as the investors dumped the shares on worries about financial firms, while concerns about the economy also were fueled by weak housing data, rising wholesale prices and weak results from several retailers.
Asian markets opened mixed and flat and some indices are marginally down but it looks positive considering the performance of US markets
Crude gained yesterday nominally and is trading above 114 $
We expect markets to open flat to marginally down , but we see some recovery in the markets as the local sentiment looks good and the Asian cues seems convincing , we advice not to short in the days markets, some of the stocks to be in limelight are CHAMBAL FERT, POLARIS , Aviation stocks also to be in limelight as the KINGFISHER-DECCAN AIR got approval to fly abroad. Sugar stocks which gained yesterday may continue the rally today too. Keep and eye on TEA stocks as they look attractive view demand worldwide.
