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Thursday, January 29, 2009

Sokhi Market Outlook for 29th JAN !





Markets for wednesday have gained more than 3% with major gains coming in the last session. With expiry today there was lot of short covering in the markets and the global sentiments added their bit

US markets gained more than 3.5% with House of Delegates passes Obama's $819 bn stimulus.. Also Financial stocks led Wall Street sharply higher with the hopes Obama administration will create banks to absorb the bad assets weighing down the financial system.

Asian markets are trading positive and firm HANGSENG is up more than 6% after a big gap of holidays . NIKKIE is up more than 1.5%

With positive sentiment and the news of the petrol rate cuts ( which intrun will help reduction in infaltion ) markets are expected to open postive and may trade in the positive zone . The only caution for the day would be the expiry session as this may lead to lot of volatlility , we advice members to take care on that front . Banking stocks may again steal the limelight.

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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.