It was Lackluster yesterday by Indian Markets though opened in green . Markets came flat to negative in first half hour of trade and then continued to slide with minor recoveries in the middle session but finally closed in red with Sensex losing more than 100 points . The volumes are very low in the yesterday trade.
US markets which opened in red gained in the mid session as the Tech & retail stocks advanced . DOWJONES closed with a gain of nearly 100 points . Crude too advanced as government report showed U.S. fuel consumption increased and the stock market rallied. Crude is trading at 41.2$.
Asian markets are trading in green with gains of over 2% in all the indices
Indian markets are expected to open in green with gap up and to continue the rally . We expect markets to gain any where between 2.5 - 3 % today . Techonlogy stocks to be in limelight in todays trade . The Metal and Shipping sectors to shine today as the news from the sector is positive . Over all we expect all the sectors to trade in green . Aviod stocks which open with huge Gap Up . We advice members to go long as positive news is expected in US markets next week.
Happy Trading
SOKHI TEAM
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