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Friday, January 23, 2009

Sokhi Market Outlook for 23rd JAN !





Disappointing the market by Q3 no’s and worst global cues leading the market in negative directions. But wise to accumulate in falling markets and selling in rising markets.

US markets closed in the red after ON/OFF trades in past three days and closed between 1-2% fall.

Asian markets are opened negative with 2-3% fall and likely to recover in second half ahead of long weekend and punters may square off positions.

Indian markets are set to open –ve with 1-2% down and today RCOM may cheer the markets with Q3 No’s as Bharti posted good set of no’s. Likely buying may emerge in day lows and short covering may lead the market close flat to positive in second half due to short covering ahead of long weekend as Monday going to be trading holiday view Republic day.

Watch out Q3 No’s of RNRL, Syndicate bank, Punj Lloyd, Indiabulls finacials, IDBI Edleweiss capital,Bharat Electronics, Canara Bank etc.

Traders are to be very cautious and not to take aggressive long positions till Nifty breaches 2900 levels.

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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.