Indian markets performed well comparing to the other markets yesterday and closed almost flat . Markets in the middle fizzled out but later on recovered and closed flat.
US markets which opened down looked like recovering but the employment data which was the lowest and the bail out plan which looks like having many hurdles were the main cause to bring the DOW more than 2.5%
Asian markets are following the same path of the big boss and are trading in red , SANGHAI & HANSENG are trading low by 2%.
Indian Markets are set to open low and may trade range bound , The continous buying by FII are positve news but the negative news expected today is the bad set of IIP data , weak global cues and continous upsurge in stocks of reality and metals where we feel profit booking would come.
We would advice members to book profits in the reality and metal stocks as we may see some profit booking happening today , we would see markets closing today down between 1-2%. we advice members not to be aggresive as the market would be volatile through out the day also it would be better to go with the bears for the day
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