Markets are looking to open in postive note after diwali. It would be bulls time as the world markets looks in a positive note
In US stocks ended at new highs for the year on Monday. The investor sentiment was boosted by good set of earnings from major companies The Dow is up 96 at 10,092 while The Nasdaq composite index is up 20 at 2,176.
Asian markets are too trading firm with gain of more than 1% in major indices and we see our markets also to open positive and gap up .
Positive news :-
Global positive sentiment
De-investment in NTPC
Good Liquidity flow
Good Set of Quarterly numbers
Negative News:-
MDA and ADA final hearing today
Though there are positive factors but we advice members to be in cautious note . Apollo tyres and sterlite tech and polaris are reporting numbers and we see them reporting decent and good numbers . watch out these stocks
As crude is trading at all time high , some of the stocks to watch out are CAIRN INDIA, ABAN OFFSHORE and SHIVANI OIL
Overall we see positive opening and may be flat closing
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Tuesday, October 20, 2009
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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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