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Wednesday, October 7, 2009

Sokhi Market Outlook for 7th October !





Markets yesterday opened in postive note but telecom sector dragged down and with metals shining in the second half markets recovered and closed nearly 100 points high

Dow did well with 132 points gain as stocks jumped on Australian central bank's decision to raise interest rates which boosted investor optimism about the global economy.

Asian markets are trading firm with SANGHAI and NIKKIE gaining a percent each and HANSENG with nearly 2%

Indian markets are expected to open firm and we see markets gaining nearly 1.5 % gain in markets today.

It would be again the turn of Metals in todays trade. Watch out stocks like HINDALCO, SAIL for gains . We are still negative in telecom sector we advice members to wait before buying even after the stocks lost nearly 15% in two trading sessions.

Watch out stocks in Mid Cap IT

DISH TV , SPICE JET are being accumulated and ready for upmove . Members can buy for short term

We advice members to go long on markets today.

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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.