Our markets are turning out to be unpredictable and when all the other major world indices closed in green overall in the week , we ended negative , Sensex lost more than 600 points on friday and the selling came in mid after noon which was intensified by FIIs and no support from Domestic investors.
US markets closed in red on friday and down 1.4% but NASDAQ closed almost flat with loss of 0.4%
Asian markes opened in positive and trading flat but with positive bias. We see Indian markets to open flat to low and may recover from 9900 levels , we advice members to watch the trade rather than playing , it will be wise for long term investors with 2-3 years horizon to just invest 50% at the current scene
Over all we see markets closing above 10000 today , as the markets are overdone and oversold we see trend reversal in this week , we see technical bounce back in the markets coming soon , as the short covering in the markets to come sooner or later.so one can enter heavily beaten stocks in this carnage for quick 8-12% gains in next 10 trading sessions.
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