Good Morning........!!!
Nifty spot will be: 2672,2645,2634,2611,2576,2564
On Friday the Indian Markets recovered a bit with short covering in the end session and gained nearly 1.5% pointsOn both the Indices. US markets on friday closed almost flat with DOWJONES closing in green . Crude would stand aside with gains coming in the last weekahead of the OPEC meeting.Asian markets are trading mixed with SANGHAI gaining more than 1% and HANGSENG losing the same percentage.
Indian markets are expected to open flat to positive and we may seepositive closing today . Do not expect aggresive buying in the marketsas it is struggling to survive witht the volumes touching lows on every trading day. The 2504 levels on the nifty is a good support for the trading range and if this level break with high volumes, we may see nifty below 2380 levels on NIFTY .
We advice members no to go for buys for the short term as the bottom is unknown in the markets . Newscoming from the outside and in the Indian markets are extremely negative. We see some stocks like SATYAM and UNITED SPIRITS to tradehigher today. Watch out for a rebound in banking , IT , Metal and realty stocks as the sectors are in oversold position.
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
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