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Wednesday, February 4, 2009

Sokhi Market Outlook for 4th FEB !





Markets yesterday were on upbeat with slight blip in the mid trading day but finally closed in green with sensex closing with a gain of 82 points .

US markets rose yesterday following rebound in home sales. Dowjones gained nearly 140 points with most of the gains coming in last hour of trade.

Asian markets are in green following the Big Boss with NIKKIE & HANGSENG trading 2% higher.

Indian markets are expected to continue their run and we may see 1.5-2% gains in the markets , With no negative news in offing we see markets to move in positive territory. We advice members to go long on markets today and aviod spuclative counters like Spice Communication as it has trippled in 4 trading sessions. Reality counters may be under pressure and we see alteast 5-10% slide from the current levels.

Metals , Sugar & Banking may be in limelight in todays trade . Watch out counters like Polaris , Hindustan Constructions, Satyam in todays trade.

Happy Trading

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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.