Markets on friday closed in green after intial panic view the war in Mumbai , volumes were less due to the cause and the markets on expiry were volatile and range bound but finally closed in green
Much happened in world markets last week as US markets continously gained for 5 days in a row and the other markets followed the same ,
Asian markets are trading today flat to red with negative divergence , but we would see some recovery happening.
We expect markets to open flat to positive as the terror in the mumbai is over and the city has returned to normalcy, PM taking over as the new finance minister is a positive news where all the corporates given thumbs up to one of the great economists in the world
The decision of interest cuts which would probabaly be announced this week is a good news along with continous fall in inflation and crude. GDP numbers which came out on friday which are better than expectations will add as positive news for the markets .
Overall we expect our markets to gain anywhere between 1-2% today , as the catch up with global markets is not yet done , we advice members to go long on the trade and this rally may continue for some more days
Metals, IT and Banking will be in limelight and one should avoid reality for some more time
No comments:
Post a Comment