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Monday, December 29, 2008

Sokhi Market Outlook for 29th December !





Markets on friday lost more than 250 with bad advance tax numbers and fear of war between the India and flip-flop Pakistan. Markets for the week closed in a weak note

US markets closed positive on Friday

Asian markets are mixed and trading in red

We do expect markets to open flat to red , with holiday season the trade to be dull and rangebound , we advice members to trade cautiously , the major boost for the markets would be second stimulus package which may be announced any time this week and RBI planning to cut interest rate

We would see some buying to come in IT sectors as the second package would benefit the IT and infra sectors , Also at lower levels it would be wise to accumulate reality and infra stocks. 2009 would better than 2008 so please be with us for advice on stocks which may benefit in 2009 .

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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.