The crisis in Mumbai is not yet done and we do beleive that it would take some more time to end the drama that have taken place 36 hours before.
SEBI declared holiday yesterday and decision for today would be taken on this regard at around 0800 AM today ,
US markets closed yesterday on account of THANKS GIVING , Eruopean markets yesterday traded in green after positive movement by the Global markets . Crude is hovering around 53$.
On account of expiry we would see lot of volatility in Indian Markets and with the bad news around the corner we may see markets to open deep in red , the sentiment would be negative for some more days.Tourism and Hotel industry to be affected and the stocks would be under severe pressure in days to come
We advice members to short in morning if at all market trades but sqaure off with 2-3 % gains , we expect some recovery to come in the later part of the day as the news of the hostage crisis and the story may end . Inflation also came down with lower fuel and food prices . There would be GDP announcement by RBI in the later afternoon which would also decide the fate of the markets
Overall we see higly volatile and more over confusing markets for the day
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