Yesterday bears had a good session and this caused us to loose more than 300 points in sensex , but the way the markets recovered in the late session looks that the bottom is very near.
US markets had a volatile session yesterday , the DOW was down initially 200 points then recovered and went to touch a high more than 2.5% , with the announcement in late session about delay in the bailout for the three big AUTOMAKERS the stocks came sliding and DOWJONES came down 5% low.
Crude is trading below 50$ mark for the first time in three years , which is a bit good news
Asian markets which looked panic in the early trade recovered but still down more than 2%
Indian markets set to open low , we expect SENSEX opening 100-150 points low . After seven trading sessions of negative close , today we may see recovery happening. The technicals say there would be buying coming as we lost nearly 750 points in nifty, Members those who are short in markets are adviced to book profits as this rally would be very swift and fast
Overall we advice members to buy at the lower levels for quick gains in 3-4 trading sessions.
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