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Thursday, April 2, 2009
Sokhi Market Outlook for 2nd April !
Markets after opening low with more than 1% yesterday recovered in a style and closed with gains . SENSEX gained nearly 200 points or 2% by the end of the trade. The rally was led by REALITY & BANKING stocks.
US markets too gained yesterday with DOW closing 153 points up as economic data that showed a rebound in pending home sales and improving manufacturing activity. Crude has fallen below 48$ a barrel with rise in inventory.BANKS led the rally here in US markets
Asian markets opened in thick green with almost all indices trading above 1%. NIKKIE & HANGSENG trading with more than 3% gains.
Indian markets are expected to open gap up with strong positive global cues.We may see BANKING , CEMENT & SUGAR packs to perfrom today. Cement prices is rised by 3-7 Rs per bag and we advice members to trade in cement pack today. MIDCAPS are shining and we see them shining in next few sessions. Some of the stocks to watch out for are ROLTA, AXIS BANK, RELIANCE CAP, UNITED SPIRITS, BAJAJ HINDUSTAN for trade today.
Overall we expect sensex gaining 180-250 points today and members should go long in todays trade
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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.
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