Markets closed yesterday view CHIRSTMAS , markets lost more than 100 points in SENSEX on wednesday and it reamined in negative territory through out the day.
US markets traded higher and closed nearly 50 points up in DOW on the day of chirstmas EVE , US markets closed yesterday due to CHIRSTMAS
Asian markets today are trading rangebound with positive divergence , NIKKIE is up in posiitve with 100 points gain as of now
Indian markets today looks like opening flat to positive and would remain to trade positive , the main reason for stating so is the entering of the JAN series , positive global cues , easing of inflation to below 7% , sharp drop in crude prices & announcment of second stimulus package by the weekend
Taking into consideration of all these facts we beleive that we may trade in positive , do not expect 3-4% gains but one can aim for 100-150 points gain in SENSEX, The reality sector may recover today and we advice members to trade them , also one can look at OIL marketing companies like HPCL , BPCL , OIL for 1-2% gains today
We advice members to go long for the day and it would be positive closing week , Happy Trading
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