Weak global cues from US , Europe and Asia, Indian markets closed nearly 700 points down with IT , Real Estate and metal stock taking huge amount of beating.
US markets yesterday which opened nearly 200 points low never recovered and closed almost 8% down as many predict the country is in the edge of recession.
Asian markets opened in deep deep red and NIKKIE lost more than 10% and rest indices lost between 5-6%.
We see Indian markets to open low and may touch four figure mark in the panic selling but we see markets recovering in the later half and close above 10300 today , Markets to open gap down , so we advice members to buy stocks which will be opening more than 20% gap down in opening as we expect recovery in the later half of the session
Try accumulating blue chips like SBI , RIL , L&T , BHEL for quick 10-15% short term returns , Entering fertiliser counters is not a bad idea at the present scenario as the stock tends to move as soon as the markets recovers.
Small traders trade cautiously with small quanity.
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