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Wednesday, January 7, 2009

Sokhi Market Outlook for 7th Jan !





Market yesteday did give Jerky movements within minutes of opening in European markets but given a sharp pull back by the end of the session and closed almost flat

US markets did managed to close in positive with news of OBAMA will take much more needed steps to resolve the Economic Crisis

Crude is trading near the 50$ mark as the tension between ISRAEL & PALASTINE not reduced also the RUSSIAs gas dispute is a cause of worry

Asian markets are doing green and are positive after the BIGBOY performance

Indian markets are set to open positive and may trade range bound , do not expect huge gains in the markets today , we see strong resistance around 3150 levels and one can short NIFTY above 3160 levels ,. MIDCAPS will continue to outperform the broader market . MID CAP IT stocks , TEA stocks to be in limelight today .

We advice members to go long on markets in opening and seeing the trend in European markets and furtures of US we would advice members to go short in the later session

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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.