Wednesday, March 18, 2009

PRE-OPEN MARKET OUTLOOK(18-03-2009)

INDIAN MARKETS CLOSED IN RED AFTER GOOD SELLING AT HIGHER LEVELS YEATERDAY.AFTER GOOD RECOVERY IN US MARKETS SENTIMENT IS STRONG THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND TRADE IN YESTERDAY RANGE(2740-2805) FIRST.AS SENTIMENT IS STRONG TODAY THEREFORE INDIAN MARKETS MAY CLOSE IN GREEN TODAY BUT SELLING AT HIGHER LEVELS IS EXPECTED TODAY AND TODAY SELLING IN BULLISH SENTIMENT WILL PREPARE INDIAN MARKETS FOR DOWN MOVES EITHER TODAY OR IN THE COMING SESSIONS.

AFTER GREEN OPENING INDIAN MARKETS MAY CLOSE IN GREEN TODAY BUT WILL CLOSE AT LOWER LEVELS OF THE DAY.


(LALIT KUMAR DHINGRA)

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