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Thursday, November 20, 2008

Sokhi Market Outlook for 20th November !





Everyone believed a positive closing yesterday with the way the market moved till afternoon , if not positive then flat but markets with no buying support closed in negative with almost 2% losses . European indices caused panic in Indian markets as they all traded in red

US markets the world market leaders lost more than 5% yesterday with no coclusion on AUTO bail out

Asian markets opened lower but are in the path of recovery but it will be wise to watch out the points before our market opens

Indian markets are expected to open lower and may trade below 2600 in NIFTY ,markets may be volatile & BANKS & REALITY may be under selling pressure , One can short on ICICI bank today . With inflation data coming in after noon we may see slight short covering and if European markets support we may close the day with 1-2% losses

Overall we expect " BEARS DAY OUT" also , we would advice traders to take rest or adopt waith and watch policy

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.