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Wednesday, December 24, 2008

Sokhi Market Outlook for 24th December !





As indicated markets from the opening are trading in red with heavy profit booking in reality & infra stocks , SENSEX closed almost 250 points down

US markets which looked like trading in green given the gains and lost nearly 100 points by the end of the trade.

Crude is trading near to 41$ per barrel

Asian markets are trading in with NIKKIE down nearly 240 points

We are set to open in red or negative with the weak global cues but there would be very high volatility in markets as this series would be under expiry , we advice members to trade lightly and if possible avoidtrading for the day , we see some pressure on IT sector and we may see some fizzling out for IT stocks today with negative news spreading on SATYAM and buyout of CITIs unit by WIPRO

We advice members to accumulate sugar stocks on delcines as the demand is growing with bad output in sugar farm. With holiday season FII would also liquidate their positions so beware and trade wisely

Over all a negative day but we might see some recovery from the second half

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.