Monday, March 16, 2009

PRE-OPEN MARKET OUTLOOK(16-03-2009) - LALIT

GLOBAL RALLY ON THE BACK OF STRONG US UPMOVES WILL WILL BE RANGE BOUND NEAR FRIDAY CLOSING FOR THE NEXT ONE OR TWO SESSIONS AND AFTER THAT WILL REACT ACCORDING TO THEIR OWN FONDAMENTALS AND TECHNICALS.INDIAN MARKETS WILL ALSO TRADE FIRST NEAR 2720 AND NEXT UP MOVE WILL DEPEND ON SUSTAINIBILITY ABOVE 2710.

LONG TERM AND INTERMEDIATE TERM TRENDS ARE DOWN AND SHORT TERM IS UP ON THE BACK OF STRONG US MARKETS CUES.WATCH 2710 AND IF NOT SUSTAINS ABOVE IT TODAY THEN INDIAN MARKETS WILL STARTS TO MOVE DOWN.

INDIAN MARKETS ARE EXPECTED TO CLOSE IN RED AFTER FLAT OPENING.

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