Indian markets had a fantastic run last week and in the last trading session i.e on friday with Sensex gaining nearly 170 points , Sensex which was up more than 270 points at one point of time gave up its partial gains in the last hour.
US markets were weak in friday with DOW ending nearly 1% down ,Crude too is trading near the 38$ per barrel. The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Today US markets closed .
Asian markets opened weak leaving SANGHAI which is trading with 1% gains . NIKKIE and HANSENG are trading in red.
Indian markets expected to open flat to negative but may trade range bound , Do not expect any major moves either side . We may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the day. Airline stocks may be in limelight as the oil marketing companies further reduced the prices on Avation fuel.
We may see some sops for fertilisers, Automobile, Infra & Real Estate & Exports sectors in the interim budget . So keep an eye on them .
Happy Trading
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