Markets which were oversold ended the seven day losing streak and ended positive on friday with a gain of more than 450 points.
US markets too gained more than 6% in the late session after initally high volatility.
Asian markets are mixed as many markets are trading in red ,NIKKIE is closed for the day.
Indian markets are set to open gap up by more than 70-100 points in NIFTY , we may see markets to trade positive today with hopes of announcement on rate cuts and sops for automobile industry
As the expiry is very near we see short covering may also lead to rise in markets .Overall we expect markets to move positive and we advice members to go long , also watch out how EUROPEAN markets pans out in the afternoon.
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