Thursday, May 7, 2009

PRE-OPEN MARKET OUTLOOK(07-05-2009)

YESTERDAY WAS THE MOST VOLATILE DAY AND AFTER GETTING SOME SUPPORT AT LOWER LEVEL SELLING DEVELOPED AT HIGHER LEVEL AND MARKETS CLOSED AT LOWER LEVELS.INTRADAY CHARTS OF LAST TWO DAYS ARE SHOWING GOOD SELLING AT HIGHER LEVELS AND IT IS EXPECTED THAT SELLING WILL REMAIN CONTINUED IN THE COMING SESSIONS.

AFTER POSITIVE GLOBAL CUES INDIAN MARKETS WILL OPEN IN GREEN AND MAY ALSO CLOSE IN GREEN TODAY BUT IT IS EXPECTED THAT SELLING WILL REMAIN CONTINUED AND DOWN MOVES AND RED CLOSING WILL START WITHIN 1-2 DAYS.


(LALIT KUMAR DHINGRA)

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