Nifty spot levels for the day : 2988/ 2960/ 2935/ 2920 / 2895 / 2870
Indian markets after a bad day are expected to do well today , we seenifty comfortable crossing the 2900 levels , As said earlier nifty ifstays above 2950 on closing basis we may see 3060-3100 on cards soons.With the interim budget nearing in we may see rally in markets today.We advice members to go long on IT , Banking and Metal stocks today .
US markets which opened quite negative with bad economic news lostmore than 3% or 240 points at one point of time but finally recoveredvertically on the hopes that homeowners will get more help with theirmortgages and DOWJONES closed almost flat. Asian markets are trading in style with almost all the the indices arepositive and with more than 1% gains.
Over all we expect market to trade positive and we see markets closingtoday with 1.5-2% gains. Some of the stocks to watch out for arePolaris Software, Hexaware, Satyam & SAIL.
