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Friday, January 16, 2009

Sokhi Market Outlook for 16th Jan !





Markets yesterday with NORTEL effect and other world markets sentiments was down nearly 4% with the all sectoral indices ended in red

US markets which opened lower yesterday closed in green with late session rally.Investors who began the day worrying about a revival of the banking crisis grew optimistic during the session that the government will again help the financial industry.

Asian markets are trading firm and stable with big boy gaining over night Asian markets lost nearly 4-5% with NORTEL effect

Indian Markets are expected to open firm with global sentiment looking positive . We may see some recovery and may touch 2800 mark in Nifty Intraday. With much happening this month ( SATYAM ) markets couldnt even broke the OCT lows so we feel markets may now go for some short term relief rally which may take us to 2900 levels very soon.

Some of the sectors which lost heavily yesterday may recover . We feel BANKING , REALITY & IT sector to trade positive today. We advice members to go long for the day .Announcement on fuel cut may be announced today we may see some pressure in OIL marketing companies.

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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.