Monday, January 12, 2009

Market View - 12Jan 2009

Good Morning....!!

Welcome to all new trading day in the Indaian Capital markets. Today we may not expect another Monday morning Blues. The steps of GOI's of appointing premium personalities to the satyam's board has been aplauded by experts. The appointment of Deepak Parekh (HDFC Ltd) , Kiran Karnik (Ex-Chairman NASCOMM) and C. Achutan (LAW and Finance expert) may bring back the confidence in the investors sentiments on the much concentrated SATYAM Fraud case.
The next thing to look after is the IIP Nos to be announced today, which are already expected to be -ve.

On the verge of Globla indices staying negitive, we may open Flat around and then we may expect a pull back to gain some day's High. The 2802 on NIFTY is a crutial level to watch as a support, if breaks we may taste 2745 levels. On the higher side 2920 is a goog level to watch as a resistance.

Please watch these levels carefully and trade accordingly.

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