MARCH 2009 IS GLOBAL MARKET RALLY LED BY US AND ITS TERMINATION CUE WILL ALSO COME FROM US MARKETS.ALTHOUGH US AND EUROPEAN MARKETS CLOSED WITH GOOD GAINS LAST FRIDAY BUT ALMOST ALL ASIAN MARKETS ARE IN RED AFTER WATCHING DOW JONES FUTURE MORE THAN 100 POINTS DOWN.IT WILL CERTAINLY DAMPEN SENTIMENT AND INDIAN MARKETS WILL OPEN IN RED TODAY.ICICI BANK RESULTS DECLARED LAST SATURDAY AND THEY SHOWED BIG LOSS.IT MAY PROOVE NEGATIVE TRIGGER FOR INDIAN MARKETS.
AFTER WATCHING RED ASIAN MARKETS AND ICICI BANK POOR RESULTS IT IS EXPECTED TODAY THAT FRESH DOWN MOVE WILL START IN INDIAN MARKETS FROM TODAY AND INDIAN MARKETS WILL CLOSE IN RED AFTER RED OPENING TODAY.
(LALIT KUMAR DHINGRA)
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